PKS Advisory Services LLC Purchases 3,951 Shares of iShares TIPS Bond ETF $TIP

PKS Advisory Services LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,883 shares of the exchange traded fund’s stock after purchasing an additional 3,951 shares during the quarter. iShares TIPS Bond ETF makes up approximately 0.9% of PKS Advisory Services LLC’s holdings, making the stock its 21st biggest position. PKS Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $3,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new stake in iShares TIPS Bond ETF during the second quarter valued at approximately $51,846,000. Partners Capital Investment Group LLP increased its stake in shares of iShares TIPS Bond ETF by 80.5% in the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after purchasing an additional 456,633 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares TIPS Bond ETF by 45.0% in the 1st quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after purchasing an additional 301,463 shares during the period. Bank of Nova Scotia bought a new stake in iShares TIPS Bond ETF during the first quarter valued at about $33,327,000. Finally, Goldman Sachs Group Inc. increased its position in iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying an additional 219,598 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA:TIP opened at $110.71 on Thursday. The stock has a 50 day moving average of $111.36 and a 200 day moving average of $110.22. The company has a market cap of $14.06 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26.

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).