Palisade Asset Management LLC Has $1.62 Million Holdings in iShares TIPS Bond ETF (TIP)

Palisade Asset Management LLC boosted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.0% during the 3rd quarter, Holdings Channel reports. The firm owned 14,619 shares of the exchange traded fund’s stock after purchasing an additional 692 shares during the quarter. Palisade Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Cornerstone Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 26.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,786,507 shares of the exchange traded fund’s stock worth $15,751,000 after purchasing an additional 373,994 shares during the last quarter. TIAA FSB increased its holdings 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 worth $1,727,656,000 after purchasing an additional 511,833 shares during the last quarter. White Pine Investment CO acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter worth approximately $4,487,000. Huntington National Bank grew its position in shares of iShares TIPS Bond ETF by 0.7% in the 3rd quarter. Huntington National Bank now owns 294,126 shares of the exchange traded fund’s stock worth $32,536,000 after acquiring an additional 2,152 shares in the last quarter. Finally, Gibson Capital LLC grew its position in shares of iShares TIPS Bond ETF by 2.1% in the 3rd quarter. Gibson Capital LLC now owns 52,596 shares of the exchange traded fund’s stock worth $5,801,000 after acquiring an additional 1,067 shares in the last quarter.

Shares of TIP traded down $0.10 during mid-day trading on Friday, hitting $109.07. The stock had a trading volume of 70,405 shares, compared to its average volume of 1,445,542. iShares TIPS Bond ETF has a fifty-two week low of $109.16 and a fifty-two week high of $114.38.

The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a $0.1015 dividend. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.22 annualized dividend and a dividend yield of 1.12%.

iShares TIPS Bond ETF Company 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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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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