NewEdge Advisors LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 41.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,987 shares of the exchange traded fund’s stock after acquiring an additional 16,970 shares during the period. NewEdge Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $6,192,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. YHB Investment Advisors Inc. purchased a new position in iShares TIPS Bond ETF during the 1st quarter worth $30,000. Private Ocean LLC increased its stake in shares of iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the period. Salem Investment Counselors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at about $36,000. Gradient Investments LLC lifted its stake in iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the second quarter worth about $40,000.
iShares TIPS Bond ETF Stock Performance
NYSEARCA TIP opened at $110.71 on Wednesday. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $111.06. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company’s 50-day simple moving average is $109.20 and its two-hundred day simple moving average is $107.48.
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).
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