D.A. Davidson & CO. Buys 49,080 Shares of iShares TIPS Bond ETF $TIP

D.A. Davidson & CO. purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, Holdings Channel reports. The institutional investor purchased 49,080 shares of the exchange traded fund’s stock, valued at approximately $5,106,000.

Several other large investors have also recently bought and sold shares of TIP. BOKF NA acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $10,715,000. Sterling Investment Advisors LLC ADV acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth approximately $7,230,000. North Star Investment Management Corp. acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth approximately $432,000. Lynx Investment Advisory boosted its holdings in shares of iShares TIPS Bond ETF by 38.2% during the third quarter. Lynx Investment Advisory now owns 12,895 shares of the exchange traded fund’s stock worth $1,342,000 after purchasing an additional 3,566 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $27,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $106.69 on Friday. The firm has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27. The firm’s 50 day moving average price is $105.69 and its two-hundred day moving average price is $108.85. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98.

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.