69,491 Shares of iShares TIPS Bond ETF $TIP Acquired by Sterling Investment Advisors LLC ADV

Sterling Investment Advisors LLC ADV bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,491 shares of the exchange traded fund’s stock, valued at approximately $7,230,000. iShares TIPS Bond ETF comprises 3.2% of Sterling Investment Advisors LLC ADV’s portfolio, making the stock its 11th biggest holding. Sterling Investment Advisors LLC ADV owned approximately 0.05% of iShares TIPS Bond ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $27,000. CX Institutional bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at approximately $29,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at approximately $35,000. Timbuktu Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $52,000. Finally, NBT Bank N A NY boosted its position in iShares TIPS Bond ETF by 374.5% in the first quarter. NBT Bank N A NY now owns 522 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 412 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $106.26 on Thursday. The firm’s fifty day moving average price is $105.73 and its two-hundred day moving average price is $108.89. The stock has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.04.

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). 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.