Canandaigua National Bank & Trust Co. Buys New Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Canandaigua National Bank & Trust Co. bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,326 shares of the exchange traded fund’s stock, valued at approximately $1,030,000.

Several other institutional investors have also recently added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. acquired a new position in shares of iShares TIPS Bond ETF in the second quarter worth $26,000. YHB Investment Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the first quarter worth $30,000. Private Ocean LLC grew its stake in shares of iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the first quarter worth $36,000. Finally, Gradient Investments LLC grew its stake in shares of 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 in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded down $0.75 during trading on Friday, hitting $109.39. The company’s stock had a trading volume of 1,920,678 shares, compared to its average volume of 1,924,858. The business has a 50 day moving average price of $109.37 and a two-hundred day moving average price of $107.54. The company has a market capitalization of $18.98 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.06.

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).