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

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

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wernau Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 4.6% in the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 91 shares during the last quarter. Foster & Motley Inc. grew its position in shares of iShares TIPS Bond ETF by 0.3% during the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 92 shares during the last quarter. Kintra Wealth LLC grew its position in shares of iShares TIPS Bond ETF by 3.4% during the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 94 shares during the last quarter. FC Advisory LLC raised its stake in iShares TIPS Bond ETF by 1.9% during the second quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 102 shares during the period. Finally, Capital Analysts LLC raised its stake in iShares TIPS Bond ETF by 1.6% during the second quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock worth $790,000 after acquiring an additional 114 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.1%

TIP opened at $106.24 on Friday. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.04. The company’s 50-day moving average price is $105.77 and its 200 day moving average price is $108.19.

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.