iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,778 shares of the exchange traded fund’s stock after acquiring an additional 2,903 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of iShares TIPS Bond ETF by 5.2% during the second quarter. Bank of Montreal Can now owns 77,832 shares of the exchange traded fund’s stock worth $8,346,000 after acquiring an additional 3,838 shares during the period. AlTi Global Inc. increased its position in iShares TIPS Bond ETF by 16.6% during the 2nd quarter. AlTi Global Inc. now owns 2,532 shares of the exchange traded fund’s stock worth $270,000 after purchasing an additional 361 shares during the period. Daymark Wealth Partners LLC purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $703,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares TIPS Bond ETF by 1,236.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock valued at $3,168,000 after buying an additional 27,447 shares during the period. Finally, Smith Thornton Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $740,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $107.43 on Friday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock has a fifty day moving average price of $107.38 and a two-hundred day moving average price of $108.30. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

About iShares TIPS Bond ETF

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).