Kestra Private Wealth Services LLC Purchases 30,754 Shares of iShares TIPS Bond ETF $TIP

Kestra Private Wealth Services LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,754 shares of the exchange traded fund’s stock, valued at approximately $3,200,000.

Several other institutional investors also recently modified their holdings of TIP. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at $27,000. CX Institutional purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $29,000. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $35,000. Bell Investment Advisors Inc purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $39,000. Finally, Timbuktu Capital Management LLC bought a new position in iShares TIPS Bond ETF during the 2nd quarter valued at about $52,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP opened at $106.26 on Friday. The company’s 50-day simple moving average is $105.60 and its two-hundred day simple moving average is $108.77. The stock has a market capitalization of $14.59 billion, a P/E ratio of 12.40 and a beta of 0.29. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $111.98.

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.