Traders Buy Shares of iShares TIPS Bond ETF (TIP) on Weakness

Traders purchased shares of iShares TIPS Bond ETF (NYSEARCA:TIP) on weakness during trading hours on Wednesday. $56.73 million flowed into the stock on the tick-up and $29.95 million flowed out of the stock on the tick-down, for a money net flow of $26.78 million into the stock. Of all equities tracked, iShares TIPS Bond ETF had the 23rd highest net in-flow for the day. iShares TIPS Bond ETF traded down ($0.05) for the day and closed at $109.06

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were issued a dividend of $0.0914 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, November 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIP. Allianz Asset Management GmbH increased its holdings in iShares TIPS Bond ETF by 667.8% in the 1st quarter. Allianz Asset Management GmbH now owns 39,072 shares of the exchange traded fund’s stock valued at $4,418,000 after purchasing an additional 33,983 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares TIPS Bond ETF by 5.2% in the second quarter. Janney Montgomery Scott LLC now owns 58,123 shares of the exchange traded fund’s stock worth $6,560,000 after buying an additional 2,852 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in iShares TIPS Bond ETF by 21.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 57,674 shares of the exchange traded fund’s stock worth $6,510,000 after purchasing an additional 10,066 shares during the period. LifePlan Financial Group Inc acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $393,000. Finally, Breiter Capital Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $201,000.

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About iShares TIPS Bond ETF (NYSEARCA:TIP)

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).

See Also: Earnings Per Share

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