iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Acquired by Stephenson & Company Inc.

Stephenson & Company Inc. raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,465 shares of the exchange traded fund’s stock after buying an additional 1,900 shares during the quarter. iShares TIPS Bond ETF comprises approximately 2.1% of Stephenson & Company Inc.’s holdings, making the stock its 11th largest holding. Stephenson & Company Inc.’s holdings in iShares TIPS Bond ETF were worth $3,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TIP. Principal Financial Group Inc. lifted its stake in iShares TIPS Bond ETF by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 13,577 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 117 shares during the period. Norden Group LLC purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $258,000. Diversify Advisory Services LLC purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $737,000. Sequoia Financial Advisors LLC increased its holdings in shares of iShares TIPS Bond ETF by 42.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,509 shares of the exchange traded fund’s stock valued at $484,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of iShares TIPS Bond ETF by 68.4% during the 1st quarter. Mission Wealth Management LP now owns 4,314 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 1,752 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $108.44 on Thursday. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a 50 day moving average price of $109.58 and a 200-day moving average price of $107.82. iShares TIPS Bond ETF has a 1-year low of $102.46 and a 1-year high of $111.06.

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).