Wells Fargo & Company MN lowered its stake in ISHARES TR/0-5 YR TIPS BD ETF (BMV:STIP) by 1.4% in the 1st quarter, Holdings Channel reports. The firm owned 360,731 shares of the company’s stock after selling 5,077 shares during the period. Wells Fargo & Company MN’s holdings in ISHARES TR/0-5 YR TIPS BD ETF were worth $35,958,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of ISHARES TR/0-5 YR TIPS BD ETF in the 1st quarter valued at about $30,000. Bronfman E.L. Rothschild L.P. raised its position in shares of ISHARES TR/0-5 YR TIPS BD ETF by 42.9% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 563 shares of the company’s stock worth $55,000 after buying an additional 169 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of ISHARES TR/0-5 YR TIPS BD ETF during the 4th quarter worth about $93,000. Pasadena Private Wealth LLC bought a new stake in shares of ISHARES TR/0-5 YR TIPS BD ETF during the 1st quarter worth about $209,000. Finally, Moors & Cabot Inc. bought a new stake in shares of ISHARES TR/0-5 YR TIPS BD ETF during the 1st quarter worth about $210,000.
Shares of BMV STIP traded down $0.05 during midday trading on Friday, reaching $100.12. ISHARES TR/0-5 YR TIPS BD ETF has a 52 week low of $1,750.00 and a 52 week high of $2,005.20.
The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were issued a $0.5872 dividend. This is an increase from ISHARES TR/0-5 YR TIPS BD ETF’s previous monthly dividend of $0.10. This represents a $7.05 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date was Monday, June 3rd.
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