Ted Buchan & Co Invests $9.95 Million in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ted Buchan & Co acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 93,201 shares of the exchange traded fund’s stock, valued at approximately $9,952,000. iShares TIPS Bond ETF makes up 5.3% of Ted Buchan & Co’s holdings, making the stock its 4th largest position. Ted Buchan & Co owned about 0.05% of iShares TIPS Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $26,000. YHB Investment Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF during the first quarter worth $30,000. Private Ocean LLC boosted its position 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 worth $31,000 after purchasing an additional 116 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in iShares TIPS Bond ETF in the 1st quarter valued at $36,000. Finally, Gradient Investments LLC boosted its stake in iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the period.

iShares TIPS Bond ETF Trading Down 0.1 %

Shares of NYSEARCA TIP opened at $110.47 on Tuesday. The company has a fifty day moving average price of $109.12 and a 200 day moving average price of $107.45. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $111.06. The firm has a market cap of $19.17 billion, a PE ratio of 11.86 and a beta of 0.09.

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).