Fifth Third Bancorp Increases Position in iShares TIPS Bond ETF (TIP)

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Fifth Third Bancorp lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343,064 shares of the exchange traded fund’s stock after purchasing an additional 24,299 shares during the period. Fifth Third Bancorp’s holdings in iShares TIPS Bond ETF were worth $37,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TIP. Charles Schwab Investment Advisory Inc. raised its stake 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 worth $535,771,000 after buying an additional 4,257,533 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in iShares TIPS Bond ETF in the second quarter worth approximately $2,963,000. JPMorgan Chase & Co. raised its stake in iShares TIPS Bond ETF by 33.2% in the third quarter. JPMorgan Chase & Co. now owns 9,857,316 shares of the exchange traded fund’s stock worth $1,090,415,000 after buying an additional 2,458,976 shares in the last quarter. TIAA FSB raised its stake in iShares TIPS Bond ETF by 3.4% in the third quarter. TIAA FSB now owns 15,617,942 shares of the exchange traded fund’s stock worth $1,727,656,000 after buying an additional 511,833 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 26.5% in the third quarter. Cornerstone Wealth Management LLC now owns 1,786,507 shares of the exchange traded fund’s stock worth $15,751,000 after buying an additional 373,994 shares in the last quarter.

Shares of NYSEARCA:TIP opened at $109.82 on Friday. iShares TIPS Bond ETF has a 52 week low of $107.53 and a 52 week high of $114.15.

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, December 4th were paid a $0.1554 dividend. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, December 3rd. This represents a $1.87 dividend on an annualized basis and a yield of 1.70%.

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iShares TIPS Bond ETF Company Profile

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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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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