Confluence Wealth Services Inc. bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,997 shares of the exchange traded fund’s stock, valued at approximately $213,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the first quarter worth $30,000. Private Ocean LLC raised its holdings in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. First Pacific Financial boosted its position in shares of iShares TIPS Bond ETF by 197.0% during the 1st quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 195 shares during the last quarter. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth about $33,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of iShares TIPS Bond ETF in the first quarter worth approximately $36,000.
iShares TIPS Bond ETF Price Performance
Shares of TIP opened at $108.87 on Monday. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $109.61. The company has a market capitalization of $18.89 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm’s 50 day simple moving average is $107.83 and its 200 day simple moving average is $106.94.
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).
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