Adirondack Trust Co. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,011 shares of the exchange traded fund’s stock, valued at approximately $1,666,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. lifted its position in shares of iShares TIPS Bond ETF by 45.4% in the 3rd quarter. Focus Financial Network Inc. now owns 3,694 shares of the exchange traded fund’s stock worth $384,000 after buying an additional 1,154 shares during the last quarter. Financial Architects LLC acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $3,339,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $1,259,000. Fermata Advisors LLC boosted its holdings in shares of iShares TIPS Bond ETF by 3.3% in the 3rd quarter. Fermata Advisors LLC now owns 46,772 shares of the exchange traded fund’s stock valued at $4,866,000 after buying an additional 1,513 shares during the period. Finally, Avior Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $6,769,000. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Price Performance
Shares of NYSEARCA:TIP traded up $0.06 during trading on Wednesday, reaching $104.62. 1,021,648 shares of the company’s stock traded hands, compared to its average volume of 2,213,464. The stock has a market capitalization of $14.29 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $112.24. The company has a 50 day moving average of $106.00 and a 200-day moving average of $108.44.
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.
See Also
- Five stocks we like better than iShares TIPS Bond ETF
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
- How a Hurricane Could Help Some Refineries—and Hurt Others
- Intel Bets on Cheaper AI as Foundry Losses Mount
- Don’t Get NVIDIA’s Reflection AI Interest Wrong: Its Moat Could Deepen
Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
