Atlantic Union Bankshares Corp Invests $1.39 Million in iShares TIPS Bond ETF $TIP

Atlantic Union Bankshares Corp purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,601 shares of the exchange traded fund’s stock, valued at approximately $1,387,000.

Other large investors have also recently added to or reduced their stakes in the company. TME Financial Inc. boosted its stake in shares of iShares TIPS Bond ETF by 19.2% during the 2nd quarter. TME Financial Inc. now owns 81,607 shares of the exchange traded fund’s stock valued at $8,980,000 after buying an additional 13,137 shares during the period. Simplex Trading LLC acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $65,000. Mason Investment Advisory Services Inc. grew its stake in iShares TIPS Bond ETF by 496.5% in the second quarter. Mason Investment Advisory Services Inc. now owns 19,208 shares of the exchange traded fund’s stock valued at $2,114,000 after purchasing an additional 15,988 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the second quarter valued at about $224,000. Finally, Huntington National Bank increased its position in iShares TIPS Bond ETF by 12.1% in the 2nd quarter. Huntington National Bank now owns 288,552 shares of the exchange traded fund’s stock worth $31,752,000 after purchasing an additional 31,113 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP opened at $110.90 on Friday. The company has a market capitalization of $14.08 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The business has a 50-day moving average of $111.41 and a 200-day moving average of $110.15.

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).