Independence Financial Advisors LLC Acquires 4,949 Shares of iShares TIPS Bond ETF $TIP

Independence Financial Advisors LLC boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,232 shares of the exchange traded fund’s stock after buying an additional 4,949 shares during the quarter. iShares TIPS Bond ETF accounts for about 3.9% of Independence Financial Advisors LLC’s holdings, making the stock its 8th biggest holding. Independence Financial Advisors LLC owned approximately 0.09% of iShares TIPS Bond ETF worth $12,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in iShares TIPS Bond ETF by 4,627.6% in the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after purchasing an additional 2,848,700 shares in the last quarter. Bank of America Corp DE grew its position 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 during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in iShares TIPS Bond ETF during the 2nd quarter worth $51,846,000. Ameriprise Financial Inc. raised its stake in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after acquiring an additional 417,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in iShares TIPS Bond ETF by 672.9% in the second quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock valued at $36,832,000 after acquiring an additional 291,412 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.18 on Friday. The company has a fifty day moving average of $110.52 and a two-hundred day moving average of $110.64. The company has a market capitalization of $14.04 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $106.09 and a 1 year high of $112.26.

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.