iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by First United Bank & Trust

First United Bank & Trust raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,620 shares of the exchange traded fund’s stock after buying an additional 162 shares during the quarter. First United Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $26,000. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $37,000. Strategic Investment Solutions Inc. IL raised its stake in shares of iShares TIPS Bond ETF by 102.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its position in iShares TIPS Bond ETF by 28.5% in the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.18 on Tuesday. The firm has a market capitalization of $18.60 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock has a 50-day simple moving average of $107.42 and a two-hundred day simple moving average of $108.31. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week 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).