iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Bought by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,410 shares of the exchange traded fund’s stock after buying an additional 2,294 shares during the period. Pettinga Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trifecta Capital Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $27,000. Fortis Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the third quarter worth approximately $27,000. Life Planning Partners Inc acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $30,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $33,000. Finally, Salem Investment Counselors Inc. acquired a new stake in iShares TIPS Bond ETF in the first quarter worth approximately $36,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $106.34 on Monday. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $108.54. The business has a 50 day moving average price of $106.38 and a two-hundred day moving average price of $106.69.

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).