iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 86,956 shares of the exchange traded fund’s stock after acquiring an additional 2,843 shares during the period. D.A. Davidson & CO.’s holdings in iShares TIPS Bond ETF were worth $9,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank acquired a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $37,000. Strategic Investment Solutions Inc. IL boosted its stake in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Eagle Bay Advisors LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $96,000. Finally, Centaurus Financial Inc. acquired a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $169,000.

iShares TIPS Bond ETF Trading Down 0.3 %

TIP stock opened at $108.26 on Wednesday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $107.37 and its two-hundred day moving average is $108.42.

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).