JMG Financial Group Ltd. Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

JMG Financial Group Ltd. lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 93.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,054 shares of the exchange traded fund’s stock after selling 62,106 shares during the period. JMG Financial Group Ltd.’s holdings in iShares TIPS Bond ETF were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Advisor Group LLC grew its position in shares of iShares TIPS Bond ETF by 57.6% in the 1st quarter. Private Advisor Group LLC now owns 171,012 shares of the exchange traded fund’s stock valued at $19,319,000 after purchasing an additional 62,504 shares during the period. Virtue Capital Management LLC bought a new stake in iShares TIPS Bond ETF in the 1st quarter valued at approximately $812,000. Glassman Wealth Services bought a new stake in iShares TIPS Bond ETF in the 1st quarter valued at approximately $25,000. MD Financial Management Inc. lifted its stake in iShares TIPS Bond ETF by 1.6% in the 1st quarter. MD Financial Management Inc. now owns 856,088 shares of the exchange traded fund’s stock valued at $96,798,000 after acquiring an additional 13,131 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in iShares TIPS Bond ETF by 20.9% in the 1st quarter. Coldstream Capital Management Inc. now owns 7,059 shares of the exchange traded fund’s stock valued at $798,000 after acquiring an additional 1,219 shares in the last quarter.

Shares of iShares TIPS Bond ETF stock traded up $0.04 on Friday, reaching $115.49. 2,422,682 shares of the company were exchanged, compared to its average volume of 1,293,075. iShares TIPS Bond ETF has a one year low of $107.53 and a one year high of $115.97. The firm’s 50-day moving average is $114.39.

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were paid a $0.6392 dividend. This represents a $7.67 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.03.

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

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