First Hawaiian Bank trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,362 shares of the exchange traded fund’s stock after selling 251 shares during the quarter. First Hawaiian Bank’s holdings in iShares TIPS Bond ETF were worth $2,121,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Central Bank & Trust Co. purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at $33,000. Destination Wealth Management raised its position in iShares TIPS Bond ETF by 147.4% in the 3rd quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock valued at $102,000 after buying an additional 547 shares during the last quarter. Amussen Hunsaker Associates LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at $105,000. Bell Rock Capital LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at $116,000. Finally, Truvestments Capital LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at $127,000.
NYSEARCA TIP opened at $110.27 on Friday. iShares TIPS Bond ETF has a 12 month low of $107.53 and a 12 month high of $113.69.
The business also recently declared a monthly dividend, which was paid on Monday, December 24th. Investors of record on Wednesday, December 19th were given a $0.1842 dividend. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.16. This represents a $2.21 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, December 18th.
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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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