Venturi Wealth Management LLC Sells 500 Shares of iShares TIPS Bond ETF (TIP)

Venturi Wealth Management LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,284 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Venturi Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMP Capital Investors Ltd acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $840,000. Citizens Financial Group Inc. RI acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $117,000. Brave Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 20.8% in the third quarter. Brave Asset Management Inc. now owns 14,513 shares of the exchange traded fund’s stock valued at $1,648,000 after purchasing an additional 2,494 shares during the last quarter. National Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 3.8% in the third quarter. National Asset Management Inc. now owns 14,027 shares of the exchange traded fund’s stock valued at $1,595,000 after purchasing an additional 518 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 29.8% in the third quarter. Westside Investment Management Inc. now owns 9,188 shares of the exchange traded fund’s stock valued at $1,042,000 after purchasing an additional 2,111 shares during the last quarter.

Shares of iShares TIPS Bond ETF (NYSEARCA TIP) traded up $0.13 on Wednesday, reaching $113.90. 965,500 shares of the company were exchanged, compared to its average volume of 1,253,555. iShares TIPS Bond ETF has a fifty-two week low of $110.90 and a fifty-two week high of $115.46.

The business also recently disclosed 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 represents a $6.01 dividend on an annualized basis and a yield of 5.28%. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date is Friday, December 1st. 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).

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

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