Prime Capital Investment Advisors LLC Purchases 13,961 Shares of iShares TIPS Bond ETF $TIP

Prime Capital Investment Advisors LLC boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 256,364 shares of the exchange traded fund’s stock after acquiring an additional 13,961 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $28,177,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $29,000. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $33,000. Abound Wealth Management bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $41,000. Triumph Capital Management bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $51,000. Finally, Signaturefd LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $53,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of NYSEARCA:TIP opened at $110.91 on Thursday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26. The firm’s 50-day moving average is $110.89 and its 200 day moving average is $110.82.

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.