Oxford Financial Group Ltd. boosted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 51.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,247 shares of the exchange traded fund’s stock after purchasing an additional 11,628 shares during the period. iShares TIPS Bond ETF makes up approximately 1.1% of Oxford Financial Group Ltd.’s holdings, making the stock its 20th biggest position. Oxford Financial Group Ltd.’s holdings in iShares TIPS Bond ETF were worth $3,992,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in TIP. Raab & Moskowitz Asset Management LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $27,000. Shufro Rose & Co. LLC bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $30,000. Aptus Capital Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $34,000. Strategic Capital Advisers Inc. bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $40,000. Finally, Manchester Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $44,000.
Shares of iShares TIPS Bond ETF stock traded up $0.07 during trading on Wednesday, reaching $119.62. The company’s stock had a trading volume of 203,981 shares, compared to its average volume of 1,369,484. iShares TIPS Bond ETF has a 52 week low of $110.54 and a 52 week high of $119.93. The business’s 50-day moving average price is $118.07 and its 200-day moving average price is $116.90.
The company also recently disclosed a monthly dividend, which was paid on Friday, February 7th. Investors of record on Tuesday, February 4th were given a dividend of $0.1267 per share. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.52 annualized dividend and a yield of 1.27%.
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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