Simplex Trading LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 591 shares of the exchange traded fund’s stock, valued at approximately $65,000.
Several other institutional investors and hedge funds have also modified their holdings of TIP. Daymark Wealth Partners LLC raised its holdings in iShares TIPS Bond ETF by 1.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,946 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 92 shares during the period. Lyell Wealth Management LP increased its position in iShares TIPS Bond ETF by 0.4% in the second quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock worth $2,675,000 after buying an additional 95 shares in the last quarter. Northwest Wealth Management LLC increased its position in iShares TIPS Bond ETF by 1.1% in the second quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock worth $1,029,000 after buying an additional 101 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in shares of iShares TIPS Bond ETF by 25.7% in the second quarter. Strategic Investment Solutions Inc. IL now owns 509 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 104 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of iShares TIPS Bond ETF by 2.1% during the 1st quarter. Ieq Capital LLC now owns 6,412 shares of the exchange traded fund’s stock valued at $712,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Trading Up 0.0%
Shares of NYSEARCA:TIP opened at $110.77 on Tuesday. The stock has a 50 day moving average of $111.39 and a 200 day moving average of $110.21. The company has a market cap of $14.07 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.
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).
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