WASHINGTON TRUST Co bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,804 shares of the exchange traded fund’s stock, valued at approximately $1,124,000.
Several other hedge funds also recently made changes to their positions in the company. Colony Family Offices LLC lifted its position in iShares TIPS Bond ETF by 7.6% during the third quarter. Colony Family Offices LLC now owns 2,605 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 184 shares during the period. Indiana Trust & Investment Management Co purchased a new stake in iShares TIPS Bond ETF in the third quarter worth approximately $153,000. Brookstone Capital Management bought a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $1,778,000. Pinnacle Bancorp Inc. grew its position in iShares TIPS Bond ETF by 137.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,765 shares of the exchange traded fund’s stock worth $496,000 after purchasing an additional 2,756 shares during the period. Finally, Courage Miller Partners LLC bought a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $435,000. 63.62% of the stock is currently owned by institutional investors.
iShares TIPS Bond ETF Stock Down 0.1%
TIP traded down $0.09 during mid-day trading on Friday, reaching $106.24. 1,608,993 shares of the company traded hands, compared to its average volume of 2,205,029. The company’s fifty day moving average price is $105.77 and its 200-day moving average price is $108.19. The stock has a market capitalization of $14.55 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.04.
About iShares TIPS Bond ETF
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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