Prospera Financial Services Inc increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 72.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,683 shares of the exchange traded fund’s stock after buying an additional 4,896 shares during the period. Prospera Financial Services Inc’s holdings in iShares TIPS Bond ETF were worth $1,287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Gladwyn Financial Advisors Inc. purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at $28,000. Avalon Trust Co acquired a new position in iShares TIPS Bond ETF in the first quarter valued at $31,000. Finally, Grove Bank & Trust purchased a new position in iShares TIPS Bond ETF during the second quarter worth about $31,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Trading Down 0.2%
Shares of NYSEARCA:TIP opened at $111.13 on Thursday. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock’s 50-day moving average price is $111.43 and its two-hundred day moving average price is $110.20. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26.
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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