Phillips Financial Management LLC Has $8.18 Million Holdings in iShares TIPS Bond ETF (TIP)

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Phillips Financial Management LLC raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,647 shares of the exchange traded fund’s stock after buying an additional 1,737 shares during the period. iShares TIPS Bond ETF makes up about 1.6% of Phillips Financial Management LLC’s holdings, making the stock its 15th biggest holding. Phillips Financial Management LLC’s holdings in iShares TIPS Bond ETF were worth $8,184,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BT Wealth Management LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at about $1,169,000. Headinvest LLC raised its stake in shares of iShares TIPS Bond ETF by 100.0% in the 4th quarter. Headinvest LLC now owns 6,264 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 3,132 shares in the last quarter. Concorde Asset Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $271,000. Betterment LLC raised its stake in shares of iShares TIPS Bond ETF by 62.5% in the 4th quarter. Betterment LLC now owns 7,909 shares of the exchange traded fund’s stock valued at $866,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of iShares TIPS Bond ETF by 121.2% in the 4th quarter. Ballentine Partners LLC now owns 91,512 shares of the exchange traded fund’s stock valued at $10,021,000 after purchasing an additional 50,144 shares in the last quarter.

Shares of iShares TIPS Bond ETF stock traded down $0.01 during trading on Friday, reaching $113.63. The company had a trading volume of 5,360 shares, compared to its average volume of 1,278,759. iShares TIPS Bond ETF has a fifty-two week low of $107.53 and a fifty-two week high of $113.84.

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.0348 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.37%.

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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).

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

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