Simon Quick Advisors LLC Buys 6,174 Shares of iShares TIPS Bond ETF $TIP

Simon Quick Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 57.8% during the 2nd quarter, Holdings Channel reports. The firm owned 16,852 shares of the exchange traded fund’s stock after acquiring an additional 6,174 shares during the period. Simon Quick Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TIP. Gladwyn Financial Advisors Inc. purchased a new position in iShares TIPS Bond ETF in the second quarter worth $25,000. Golden State Wealth Management LLC grew its position in iShares TIPS Bond ETF by 295.0% during the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in iShares TIPS Bond ETF during the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in iShares TIPS Bond ETF during the second quarter valued at about $28,000. Finally, Rossby Financial LCC bought a new position in iShares TIPS Bond ETF during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP opened at $111.20 on Friday. The firm has a market cap of $14.06 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm has a 50-day moving average of $111.42 and a 200 day moving average of $110.06. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26.

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).