Apella Capital LLC Acquires 414 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Apella Capital LLC increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.0% in the third quarter, Holdings Channel.com reports. The fund owned 7,322 shares of the exchange traded fund’s stock after buying an additional 414 shares during the quarter. Apella Capital LLC’s holdings in iShares TIPS Bond ETF were worth $810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIP. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $26,000. YHB Investment Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at approximately $30,000. Private Ocean LLC grew its stake 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 worth $31,000 after purchasing an additional 116 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in iShares TIPS Bond ETF during the 1st quarter worth $36,000. Finally, Gradient Investments LLC raised its position in 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 valued at $36,000 after purchasing an additional 261 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded down $0.75 during mid-day trading on Friday, hitting $109.39. The stock had a trading volume of 1,920,678 shares, compared to its average volume of 1,924,858. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $111.06. The firm’s 50-day moving average is $109.37 and its two-hundred day moving average is $107.54. The firm has a market capitalization of $18.98 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).