Pure Financial Advisors Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,597 shares of the exchange traded fund’s stock after selling 7,609 shares during the quarter. iShares TIPS Bond ETF comprises about 4.1% of Pure Financial Advisors Inc.’s holdings, making the stock its 5th largest position. Pure Financial Advisors Inc. owned 0.10% of iShares TIPS Bond ETF worth $20,434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. Central Bank & Trust Co. purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000. Destination Wealth Management grew its position in iShares TIPS Bond ETF by 147.4% during the third quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock worth $102,000 after buying an additional 547 shares in the last quarter. Amussen Hunsaker Associates LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $105,000. Bell Rock Capital LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $116,000. Finally, Valeo Financial Advisors LLC purchased a new position in iShares TIPS Bond ETF during the second quarter worth about $122,000.

iShares TIPS Bond ETF stock traded up $0.29 during midday trading on Friday, hitting $110.27. 40,908 shares of the company’s stock were exchanged, compared to its average volume of 1,191,583. iShares TIPS Bond ETF has a 52-week low of $107.53 and a 52-week high of $113.69.

The company also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were issued a $0.1842 dividend. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.16. This represents a $2.21 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, December 18th.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2019/01/11/pure-financial-advisors-inc-has-20-43-million-stake-in-ishares-tips-bond-etf-tip.html.

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).

Further Reading: Trading Strategy Methods for Individual Investors

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)

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.