Independence Financial Advisors LLC boosted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 205,008 shares of the exchange traded fund’s stock after acquiring an additional 12,860 shares during the period. iShares TIPS Bond ETF accounts for 5.4% of Independence Financial Advisors LLC’s portfolio, making the stock its 4th biggest position. Independence Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $21,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 20.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 102,463 shares of the exchange traded fund’s stock worth $10,660,000 after purchasing an additional 17,178 shares during the period. Whalen Wealth Management Inc. increased its position in shares of iShares TIPS Bond ETF by 15.1% during the third quarter. Whalen Wealth Management Inc. now owns 21,119 shares of the exchange traded fund’s stock worth $2,197,000 after buying an additional 2,766 shares during the period. FSA Investment Group LLC increased its position in shares of iShares TIPS Bond ETF by 19.7% during the third quarter. FSA Investment Group LLC now owns 5,848 shares of the exchange traded fund’s stock worth $608,000 after buying an additional 961 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in iShares TIPS Bond ETF during the third quarter worth $459,000. Finally, Bath Savings Trust Co bought a new position in iShares TIPS Bond ETF during the third quarter worth $323,000. Institutional investors and hedge funds own 63.62% of the company’s stock.
iShares TIPS Bond ETF Trading Up 0.3%
TIP stock traded up $0.28 during midday trading on Thursday, hitting $104.52. The stock had a trading volume of 1,780,690 shares, compared to its average volume of 2,230,399. The firm has a market cap of $14.21 billion, a P/E ratio of 12.40 and a beta of 0.27. The business has a fifty day moving average price of $106.22 and a two-hundred day moving average price of $108.60. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $112.24.
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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.
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