Savant Capital LLC grew its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,143 shares of the exchange traded fund’s stock after buying an additional 483 shares during the period. Savant Capital LLC’s holdings in iShares TIPS Bond ETF were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $28,000. Avalon Trust Co purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $31,000. Finally, Grove Bank & Trust purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $31,000. 63.62% of the stock is owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Trading Up 0.0%
Shares of TIP stock opened at $110.92 on Tuesday. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The business’s 50 day moving average is $111.40 and its two-hundred day moving average is $110.18. The company has a market capitalization of $14.09 billion, a P/E ratio of 12.40 and a beta of 0.26.
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).
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Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
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