Kelleher Financial Advisors purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,520 shares of the exchange traded fund’s stock, valued at approximately $990,000.
Other institutional investors also recently added to or reduced their stakes in the company. Partners Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $1,028,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after purchasing an additional 68,483 shares during the period. Baird Financial Group Inc. raised its holdings in shares of iShares TIPS Bond ETF by 44.1% in the 2nd quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock worth $10,490,000 after purchasing an additional 29,323 shares during the period. TD Waterhouse Canada Inc. lifted its stake in iShares TIPS Bond ETF by 12.3% in the second quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock valued at $46,094,000 after purchasing an additional 46,597 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $1,158,000. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Stock Performance
iShares TIPS Bond ETF stock opened at $106.10 on Thursday. The business’s 50 day simple moving average is $105.63 and its 200 day simple moving average is $108.79. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $111.98. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.
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). 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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