iShares TIPS Bond ETF $TIP Shares Acquired by Stephenson & Company Inc.

Stephenson & Company Inc. grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,215 shares of the exchange traded fund’s stock after purchasing an additional 2,838 shares during the period. iShares TIPS Bond ETF makes up approximately 2.2% of Stephenson & Company Inc.’s holdings, making the stock its 11th biggest position. Stephenson & Company Inc.’s holdings in iShares TIPS Bond ETF were worth $3,655,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TIP. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in iShares TIPS Bond ETF during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares TIPS Bond ETF during the 2nd quarter worth $28,000. Avalon Trust Co bought a new position in shares of iShares TIPS Bond ETF in the first quarter worth $31,000. Finally, Grove Bank & Trust acquired a new position in shares of iShares TIPS Bond ETF during the second quarter valued at $31,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

TIP stock opened at $110.88 on Friday. The company has a market capitalization of $14.08 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a 50-day simple moving average of $111.43 and a 200 day simple moving average of $110.20. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26.

iShares TIPS Bond ETF 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).