Private Advisory Group LLC Buys 38,242 Shares of iShares TIPS Bond ETF $TIP

Private Advisory Group LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 38,242 shares of the exchange traded fund’s stock, valued at approximately $3,979,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after acquiring an additional 3,729,751 shares during the period. Mather Group LLC. purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $240,163,000. Pictet Asset Management Holding SA boosted its stake in shares of iShares TIPS Bond ETF by 132.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock valued at $180,175,000 after buying an additional 987,700 shares during the period. Keybank National Association OH purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $66,214,000. Finally, Kwmg LLC acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $34,858,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.5%

TIP stock opened at $104.77 on Friday. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98. The company’s 50 day moving average is $105.46 and its two-hundred day moving average is $108.66. The stock has a market cap of $14.29 billion, a P/E ratio of 12.40 and a beta of 0.27.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS.