Sumitomo Mitsui Financial Group Inc. lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,519 shares of the exchange traded fund’s stock after selling 1,421 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TIP. Charles Schwab Investment Advisory Inc. raised its position in shares of iShares TIPS Bond ETF by 870.2% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 4,746,795 shares of the exchange traded fund’s stock worth $535,771,000 after purchasing an additional 4,257,533 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $2,963,000. JPMorgan Chase & Co. raised its position in shares of iShares TIPS Bond ETF by 33.2% during the third quarter. JPMorgan Chase & Co. now owns 9,857,316 shares of the exchange traded fund’s stock worth $1,090,415,000 after purchasing an additional 2,458,976 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 11,422.3% during the second quarter. Cornerstone Wealth Management LLC now owns 1,412,513 shares of the exchange traded fund’s stock worth $12,558,000 after purchasing an additional 1,400,254 shares during the period. Finally, TIAA FSB raised its position in shares of iShares TIPS Bond ETF by 3.4% during the third quarter. TIAA FSB now owns 15,617,942 shares of the exchange traded fund’s stock worth $1,727,656,000 after purchasing an additional 511,833 shares during the period.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were given a dividend of $0.0914 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend 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).

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

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