AllSquare Wealth Management LLC Purchases Shares of 5,450 iShares TIPS Bond ETF (TIP)
AllSquare Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSE:TIP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,450 shares of the exchange traded fund’s stock, valued at approximately $619,000. iShares TIPS Bond ETF makes up about 0.5% of AllSquare Wealth Management LLC’s investment portfolio, making the stock its 28th largest position.
A number of other institutional investors and hedge funds also recently modified their holdings of TIP. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $116,000. BB&T Investment Services Inc. bought a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $133,000. Capital Directions Investment Advisors LLC increased its stake in iShares TIPS Bond ETF by 49.0% in the 2nd 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 increased its stake in iShares TIPS Bond ETF by 612.9% in the 3rd 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 increased its stake in iShares TIPS Bond ETF by 1.5% in the 2nd 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.
Shares of iShares TIPS Bond ETF (NYSE TIP) traded up $0.07 during midday trading on Monday, reaching $113.77. The company’s stock had a trading volume of 64,732 shares. iShares TIPS Bond ETF has a fifty-two week low of $110.90 and a fifty-two week high of $115.46.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were given a dividend of $0.2177 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.05. This represents a $2.61 annualized dividend and a dividend yield of 2.30%.
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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