New York Life Investment Management LLC Boosts Stake in iShares TIPS Bond ETF (TIP)

New York Life Investment Management LLC raised its stake in iShares TIPS Bond ETF (NYSE:TIP) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,425 shares of the exchange traded fund’s stock after acquiring an additional 697 shares during the quarter. iShares TIPS Bond ETF makes up approximately 0.3% of New York Life Investment Management LLC’s investment portfolio, making the stock its 26th largest position. New York Life Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $3,910,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TIP. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth about $116,000. BB&T Investment Services Inc. bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $133,000. Capital Directions Investment Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 49.0% in the second quarter. Capital Directions Investment Advisors LLC now owns 1,252 shares of the exchange traded fund’s stock worth $142,000 after acquiring an additional 412 shares during the last quarter. Mountain Capital Investment Advisors Inc lifted its holdings in shares of iShares TIPS Bond ETF by 612.9% in the third quarter. Mountain Capital Investment Advisors Inc now owns 1,326 shares of the exchange traded fund’s stock worth $151,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 1.5% in the second quarter. Sequoia Financial Advisors LLC now owns 1,820 shares of the exchange traded fund’s stock worth $206,000 after acquiring an additional 27 shares during the last quarter.

iShares TIPS Bond ETF (NYSE:TIP) traded down $0.49 during mid-day trading on Friday, hitting $113.71. 180,135 shares of the stock were exchanged. iShares TIPS Bond ETF has a 52-week low of $110.90 and a 52-week high of $115.46.

The business also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were issued a $0.2177 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.05.

TRADEMARK VIOLATION WARNING: “New York Life Investment Management LLC Boosts Stake in iShares TIPS Bond ETF (TIP)” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/12/new-york-life-investment-management-llc-boosts-stake-in-ishares-tips-bond-etf-tip.html.

iShares TIPS Bond ETF Company Profile

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).

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

Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply