iShares TIPS Bond ETF (TIP) Position Lifted by NEXT Financial Group Inc

NEXT Financial Group Inc lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,642 shares of the exchange traded fund’s stock after acquiring an additional 783 shares during the period. NEXT Financial Group Inc’s holdings in iShares TIPS Bond ETF were worth $1,329,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Connable Office Inc. bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $2,340,000. Meridian Management Co. increased its position in iShares TIPS Bond ETF by 5.2% in the 3rd quarter. Meridian Management Co. now owns 34,720 shares of the exchange traded fund’s stock worth $3,943,000 after buying an additional 1,710 shares during the period. AllSquare Wealth Management LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $619,000. Sigma Planning Corp increased its position in iShares TIPS Bond ETF by 3.8% in the 3rd quarter. Sigma Planning Corp now owns 77,973 shares of the exchange traded fund’s stock worth $8,856,000 after buying an additional 2,885 shares during the period. Finally, GenTrust LLC increased its position in iShares TIPS Bond ETF by 6.0% in the 3rd quarter. GenTrust LLC now owns 204,972 shares of the exchange traded fund’s stock worth $23,281,000 after buying an additional 11,687 shares during the period.

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) traded up $0.20 during midday trading on Monday, reaching $114.12. The company’s stock had a trading volume of 731,900 shares, compared to its average volume of 1,256,523. iShares TIPS Bond ETF has a 52 week low of $110.90 and a 52 week high of $115.46.

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were given a $0.2177 dividend. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.05. This represents a $2.61 annualized dividend and a yield of 2.29%. The ex-dividend date was Wednesday, November 1st. iShares TIPS Bond ETF’s payout ratio is currently 69.76%.

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About iShares TIPS Bond ETF

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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