11,474 iShares TIPS Bond ETF $TIP Shares Purchased by Ellis Investment Partners LLC

Ellis Investment Partners LLC increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 70.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,696 shares of the exchange traded fund’s stock after acquiring an additional 11,474 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,882,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wernau Asset Management Inc. boosted its position in shares of iShares TIPS Bond ETF by 4.6% during the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after purchasing an additional 91 shares in the last quarter. Foster & Motley Inc. grew its stake in shares of iShares TIPS Bond ETF by 0.3% in the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 92 shares during the period. Auour Investments LLC raised its stake in iShares TIPS Bond ETF by 2.3% during the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after buying an additional 93 shares during the period. Kintra Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 3.4% in the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 94 shares in the last quarter. Finally, FC Advisory LLC increased its holdings in shares of iShares TIPS Bond ETF by 1.9% during the second quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock traded up $0.08 during trading hours on Wednesday, reaching $105.56. The company’s stock had a trading volume of 718,775 shares, compared to its average volume of 2,203,359. The stock’s fifty day simple moving average is $105.83 and its two-hundred day simple moving average is $108.27. The company has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $112.24.

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). 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.