Burney Co. Takes $231,000 Position in iShares TIPS Bond ETF (TIP)

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Burney Co. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,050 shares of the exchange traded fund’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. Charles Schwab Investment Advisory Inc. boosted its holdings in iShares TIPS Bond ETF by 870.2% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 4,746,795 shares of the exchange traded fund’s stock valued at $535,771,000 after purchasing an additional 4,257,533 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares TIPS Bond ETF by 106.0% in the first quarter. JPMorgan Chase & Co. now owns 6,959,966 shares of the exchange traded fund’s stock valued at $786,823,000 after purchasing an additional 3,581,771 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in iShares TIPS Bond ETF in the second quarter valued at $2,963,000. Cornerstone Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 11,422.3% in the second quarter. Cornerstone Wealth Management LLC now owns 1,412,513 shares of the exchange traded fund’s stock valued at $12,558,000 after purchasing an additional 1,400,254 shares during the period. Finally, BlackRock Inc. boosted its holdings in iShares TIPS Bond ETF by 7.9% in the first quarter. BlackRock Inc. now owns 11,144,189 shares of the exchange traded fund’s stock valued at $1,259,850,000 after purchasing an additional 814,224 shares during the period.

NYSEARCA:TIP opened at $111.22 on Friday. iShares TIPS Bond ETF has a 12-month low of $111.01 and a 12-month high of $115.26.

The business also recently announced a monthly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, September 5th will be issued a $0.3857 dividend. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $4.63 dividend on an annualized basis and a yield of 4.16%.

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).

Read More: What is Considered a Good Return on Equity (ROE)?

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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