Independent Financial Group LLC Purchases Shares of 33,051 iShares TIPS Bond ETF $TIP

Independent Financial Group LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 33,051 shares of the exchange traded fund’s stock, valued at approximately $3,648,000.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 11.0% in the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after buying an additional 1,281,679 shares in the last quarter. Valpey Financial Services LLC raised its stake in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after acquiring an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth $187,000. Pictet Asset Management Holding SA lifted its position in iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after acquiring an additional 214,700 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after acquiring an additional 417,901 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $108.27 on Friday. iShares TIPS Bond ETF has a 1 year low of $107.82 and a 1 year high of $112.26. The company has a market capitalization of $14.55 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average of $109.52 and a two-hundred day moving average of $110.36.

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.