PFG Advisors Purchases Shares of 6,670 iShares TIPS Bond ETF $TIP

PFG Advisors purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,670 shares of the exchange traded fund’s stock, valued at approximately $742,000.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in iShares TIPS Bond ETF by 11.0% in the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after buying an additional 1,281,679 shares in the last quarter. Hsbc Holdings PLC increased its position in iShares TIPS Bond ETF by 4,627.6% during the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock worth $320,274,000 after buying an additional 2,848,700 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of iShares TIPS Bond ETF by 44.3% in the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after acquiring an additional 451,450 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after acquiring an additional 417,901 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares TIPS Bond ETF by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 1,155,546 shares of the exchange traded fund’s stock valued at $128,520,000 after acquiring an additional 125,350 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.2%

TIP opened at $111.07 on Thursday. The firm has a market cap of $13.92 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.47 and a 52 week high of $112.26. The business’s fifty day simple moving average is $110.72 and its 200 day simple moving average is $110.93.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.