Palisade Asset Management LLC Purchases 8,106 Shares of iShares TIPS Bond ETF $TIP

Palisade Asset Management LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,106 shares of the exchange traded fund’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIP. Ashton Thomas Private Wealth LLC increased its position in iShares TIPS Bond ETF by 2.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 15,914 shares of the exchange traded fund’s stock worth $1,656,000 after buying an additional 336 shares during the period. Mader & Shannon Wealth Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $27,348,000. International Assets Investment Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 53.4% in the third quarter. International Assets Investment Management LLC now owns 2,420 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 842 shares during the period. Heritage Family Offices LLP acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $38,000. Finally, Arrow Investment Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the third quarter worth approximately $1,210,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of TIP opened at $106.27 on Friday. The company’s 50 day simple moving average is $105.58 and its 200-day simple moving average is $108.75. The firm has a market cap of $14.59 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98.

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.