Raymond James Trust N.A. lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,268 shares of the exchange traded fund’s stock after selling 1,112 shares during the quarter. Raymond James Trust N.A.’s holdings in iShares TIPS Bond ETF were worth $2,349,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. Private Ocean LLC lifted its stake in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the last quarter. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $37,000. Gradient Investments LLC increased its position in shares of iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $40,000.
iShares TIPS Bond ETF Price Performance
NYSEARCA TIP opened at $107.77 on Friday. The stock has a market capitalization of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $109.04 and its two-hundred day moving average is $108.08. iShares TIPS Bond ETF has a 12 month low of $104.19 and a 12 month high of $111.06.
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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