Prime Capital Investment Advisors LLC Increases Stock Position in iShares TIPS Bond ETF $TIP

Prime Capital Investment Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 221,596 shares of the exchange traded fund’s stock after acquiring an additional 4,247 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $24,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in iShares TIPS Bond ETF by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock worth $41,865,000 after buying an additional 9,526 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares TIPS Bond ETF by 24.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after buying an additional 35,058 shares during the period. Golden State Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 295.0% during the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of iShares TIPS Bond ETF by 3.8% during the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock worth $495,000 after acquiring an additional 165 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of iShares TIPS Bond ETF by 13.2% during the 1st quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock valued at $5,999,000 after acquiring an additional 6,300 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $111.05 on Monday. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The business has a fifty day moving average price of $110.86 and a 200-day moving average price of $109.81. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19.

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).