Chicago Partners Investment Group LLC Acquires 52,022 Shares of iShares TIPS Bond ETF $TIP

Chicago Partners Investment Group LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 52,022 shares of the exchange traded fund’s stock, valued at approximately $5,527,000.

A number of other institutional investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the third quarter valued at $27,000. CX Institutional acquired a new position in shares of iShares TIPS Bond ETF during the third quarter valued at about $29,000. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF during the third quarter valued at about $35,000. Bell Investment Advisors Inc bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $39,000. Finally, Timbuktu Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $106.26 on Friday. The stock has a 50-day moving average of $105.60 and a 200-day moving average of $108.77. The company has a market cap of $14.59 billion, a PE ratio of 12.40 and a beta of 0.29. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $111.98.

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.