Mercer Global Advisors Inc. ADV Buys 3,506 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Mercer Global Advisors Inc. ADV boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,798 shares of the exchange traded fund’s stock after purchasing an additional 3,506 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in iShares TIPS Bond ETF were worth $7,667,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TIP. Gryphon Financial Partners LLC grew its stake in shares of iShares TIPS Bond ETF by 73.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 10,900 shares of the exchange traded fund’s stock worth $1,172,000 after purchasing an additional 4,624 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of iShares TIPS Bond ETF by 12.4% in the 4th quarter. Principal Financial Group Inc. now owns 13,460 shares of the exchange traded fund’s stock valued at $1,447,000 after buying an additional 1,488 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of iShares TIPS Bond ETF by 16.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 75,959 shares of the exchange traded fund’s stock valued at $8,132,000 after buying an additional 10,543 shares during the period. Congress Wealth Management LLC DE raised its position in shares of iShares TIPS Bond ETF by 13.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 13,346 shares of the exchange traded fund’s stock worth $1,435,000 after acquiring an additional 1,608 shares during the last quarter. Finally, Sepio Capital LP acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $1,226,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $110.55 on Friday. The stock has a market capitalization of $19.18 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $111.06. The business’s 50 day simple moving average is $108.77 and its 200 day simple moving average is $107.31.

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).