iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Madden Advisory Services Inc.

Madden Advisory Services Inc. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.7% during the third quarter, Holdings Channel.com reports. The firm owned 11,030 shares of the exchange traded fund’s stock after buying an additional 1,579 shares during the quarter. Madden Advisory Services Inc.’s holdings in iShares TIPS Bond ETF were worth $1,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $26,000. Private Ocean LLC raised its position in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $37,000. Gradient Investments LLC grew its holdings in shares of iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $40,000.

iShares TIPS Bond ETF Trading Up 0.2 %

Shares of TIP opened at $107.94 on Tuesday. The firm has a market cap of $18.73 billion, a P/E ratio of 11.86 and a beta of 0.09. The company’s 50-day moving average price is $109.51 and its 200 day moving average price is $107.89. iShares TIPS Bond ETF has a 12-month low of $103.19 and a 12-month high of $111.06.

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).