3,344 Shares in iShares TIPS Bond ETF $TIP Purchased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 3,344 shares of the exchange traded fund’s stock, valued at approximately $368,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 7.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock worth $240,148,000 after buying an additional 141,703 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of iShares TIPS Bond ETF by 10.0% in the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after acquiring an additional 145,987 shares in the last quarter. 3EDGE Asset Management LP grew its stake in shares of iShares TIPS Bond ETF by 96.5% in the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after acquiring an additional 766,851 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares TIPS Bond ETF by 3.2% during the first quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock worth $126,505,000 after acquiring an additional 34,866 shares during the period. Finally, Partners Capital Investment Group LLP raised its stake in shares of iShares TIPS Bond ETF by 80.5% in the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock valued at $113,756,000 after acquiring an additional 456,633 shares in the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

NYSEARCA:TIP opened at $111.05 on Monday. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The firm has a market cap of $13.94 billion, a PE ratio of 12.40 and a beta of 0.19. The stock has a fifty day moving average price of $110.86 and a 200 day moving average price of $109.81.

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).