Foundations Investment Advisors LLC Purchases 13,024 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Foundations Investment Advisors LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,395 shares of the exchange traded fund’s stock after purchasing an additional 13,024 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $12,963,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TIP. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF during the first quarter worth about $201,931,000. Sumitomo Life Insurance Co. raised its holdings in iShares TIPS Bond ETF by 102.5% during the first quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after acquiring an additional 648,150 shares in the last quarter. Evoke Wealth LLC raised its holdings in iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after acquiring an additional 803,988 shares in the last quarter. Campbell Wealth Management raised its holdings in iShares TIPS Bond ETF by 2.0% during the fourth quarter. Campbell Wealth Management now owns 506,023 shares of the exchange traded fund’s stock worth $54,392,000 after acquiring an additional 9,857 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after acquiring an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.02 on Wednesday, hitting $109.04. 55,253 shares of the company were exchanged, compared to its average volume of 1,908,513. The stock’s fifty day moving average is $107.90 and its 200-day moving average is $106.98. The company has a market cap of $18.92 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $109.61.

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).