Florin Court Capital LLP Boosts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Florin Court Capital LLP increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 168.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,900 shares of the exchange traded fund’s stock after buying an additional 8,100 shares during the period. iShares TIPS Bond ETF comprises 1.1% of Florin Court Capital LLP’s holdings, making the stock its 24th largest position. Florin Court Capital LLP’s holdings in iShares TIPS Bond ETF were worth $1,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter worth $26,000. Private Ocean LLC boosted its position in iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the period. Gradient Investments LLC lifted its position in shares of iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the period. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth approximately $37,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $40,000.

iShares TIPS Bond ETF Stock Down 0.2 %

NYSEARCA:TIP opened at $107.44 on Thursday. iShares TIPS Bond ETF has a 52 week low of $103.76 and a 52 week high of $111.06. The firm has a 50 day moving average of $109.39 and a 200 day moving average of $107.99. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).