Cranbrook Wealth Management LLC increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 40,388 shares of the exchange traded fund’s stock after buying an additional 1,368 shares during the period. iShares TIPS Bond ETF makes up 1.6% of Cranbrook Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Cranbrook Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $4,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TIP. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 20,632,260 shares of the exchange traded fund’s stock valued at $2,328,763,000 after acquiring an additional 87,915 shares during the last quarter. TIAA FSB raised its stake in iShares TIPS Bond ETF by 3.4% during the 3rd quarter. TIAA FSB now owns 15,617,942 shares of the exchange traded fund’s stock valued at $1,727,656,000 after acquiring an additional 511,833 shares during the last quarter. BlackRock Inc. raised its stake in iShares TIPS Bond ETF by 2.6% during the 2nd quarter. BlackRock Inc. now owns 11,428,642 shares of the exchange traded fund’s stock valued at $1,289,951,000 after acquiring an additional 284,453 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares TIPS Bond ETF by 33.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,857,316 shares of the exchange traded fund’s stock valued at $1,090,415,000 after acquiring an additional 2,458,976 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in iShares TIPS Bond ETF by 1.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,435,491 shares of the exchange traded fund’s stock valued at $613,503,000 after acquiring an additional 93,912 shares during the last quarter.

TIP opened at $109.32 on Monday. iShares TIPS Bond ETF has a 52 week low of $107.53 and a 52 week high of $114.31.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were paid a dividend of $0.0914 per share. This represents a $1.10 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, November 1st.

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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).

See Also: Intrinsic Value

Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

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

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