Keybank National Association OH Purchases 20,050 Shares of iShares TIPS Bond ETF $TIP

Keybank National Association OH increased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 616,754 shares of the exchange traded fund’s stock after buying an additional 20,050 shares during the period. Keybank National Association OH’s holdings in iShares TIPS Bond ETF were worth $68,595,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter valued at $33,000. Hilltop National Bank bought a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at about $36,000. Abound Wealth Management purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $41,000. Finally, Financial Gravity Companies Inc. purchased a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at $43,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $110.48 on Friday. The business has a 50-day simple moving average of $110.32 and a two-hundred day simple moving average of $110.71. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26.

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.