Prime Capital Investment Advisors LLC Increases Position in iShares TIPS Bond ETF $TIP

Prime Capital Investment Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,403 shares of the exchange traded fund’s stock after purchasing an additional 20,807 shares during the period. Prime Capital Investment Advisors LLC owned about 0.19% of iShares TIPS Bond ETF worth $26,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TIP. Brighton Jones LLC grew its position in shares of iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the 1st quarter worth $432,000. Goldman Sachs Group Inc. grew its holdings in iShares TIPS Bond ETF by 82.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after acquiring an additional 219,598 shares in the last quarter. Columbus Macro LLC bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $734,000. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of iShares TIPS Bond ETF by 73.1% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 4,536 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 1,916 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.56 on Friday. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26. The company’s 50-day simple moving average is $110.24 and its 200-day simple moving average is $110.73.

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). 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.