iShares TIPS Bond ETF $TIP Shares Newly Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,907 shares of the exchange traded fund’s stock, valued at approximately $719,000.

Other hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. increased its position in shares of iShares TIPS Bond ETF by 44.1% during the 2nd quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after purchasing an additional 29,323 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in iShares TIPS Bond ETF by 12.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock valued at $46,094,000 after buying an additional 46,597 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after buying an additional 68,483 shares during the last quarter. Engineers Gate Manager LP bought a new stake in iShares TIPS Bond ETF in the second quarter worth $1,158,000. Finally, Quotient Wealth Partners LLC boosted its stake in iShares TIPS Bond ETF by 4.2% during the first quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock worth $52,290,000 after buying an additional 19,162 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

TIP stock opened at $105.54 on Friday. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The firm’s fifty day simple moving average is $105.89 and its two-hundred day simple moving average is $108.36.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.