Brave Asset Management Inc. Has $1.65 Million Holdings in iShares TIPS Bond ETF (TIP)

Brave Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,513 shares of the exchange traded fund’s stock after buying an additional 2,494 shares during the quarter. Brave Asset Management Inc.’s holdings in iShares TIPS Bond ETF were worth $1,648,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TIP. National Asset Management Inc. raised its stake in shares of iShares TIPS Bond ETF by 3.8% during the 3rd quarter. National Asset Management Inc. now owns 14,027 shares of the exchange traded fund’s stock worth $1,595,000 after buying an additional 518 shares during the period. Westside Investment Management Inc. raised its position in shares of iShares TIPS Bond ETF by 29.8% during the 3rd quarter. Westside Investment Management Inc. now owns 9,188 shares of the exchange traded fund’s stock worth $1,042,000 after acquiring an additional 2,111 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $6,910,000. Commerzbank Aktiengesellschaft FI raised its position in shares of iShares TIPS Bond ETF by 15.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 14,624 shares of the exchange traded fund’s stock worth $1,661,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Estate Counselors LLC increased its position in iShares TIPS Bond ETF by 8.1% during the third quarter. Estate Counselors LLC now owns 116,680 shares of the exchange traded fund’s stock worth $13,253,000 after buying an additional 8,770 shares during the period.

iShares TIPS Bond ETF (TIP) traded up $0.11 on Tuesday, reaching $113.76. The company’s stock had a trading volume of 1,814,100 shares, compared to its average volume of 1,254,791. iShares TIPS Bond ETF has a 52 week low of $110.90 and a 52 week high of $115.46.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, December 4th will be given a dividend of $0.5011 per share. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date is Friday, December 1st. This represents a $6.01 annualized dividend and a yield of 5.29%. iShares TIPS Bond ETF’s payout ratio is 78.63%.

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iShares TIPS Bond ETF 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 (NYSEARCA:TIP)

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