Sowell Financial Services LLC Purchases 8,438 Shares of iShares TIPS Bond ETF $TIP

Sowell Financial Services LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,438 shares of the exchange traded fund’s stock, valued at approximately $878,000.

Several other institutional investors also recently modified their holdings of TIP. CX Institutional acquired a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $29,000. Eastern Bank acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth $35,000. Timbuktu Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $52,000. NBT Bank N A NY raised its position in shares of iShares TIPS Bond ETF by 374.5% during the 1st quarter. NBT Bank N A NY now owns 522 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 412 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of iShares TIPS Bond ETF by 39.0% in the 1st quarter. Root Financial Partners LLC now owns 524 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $106.69 on Monday. The business’s fifty day moving average is $105.69 and its 200-day moving average is $108.85. The company has a market cap of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98.

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.