iShares TIPS Bond ETF $TIP Shares Bought by Independence Financial Advisors LLC

Independence Financial Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 109,283 shares of the exchange traded fund’s stock after acquiring an additional 4,863 shares during the quarter. iShares TIPS Bond ETF makes up approximately 4.7% of Independence Financial Advisors LLC’s holdings, making the stock its 5th biggest holding. Independence Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $12,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TIP. Daymark Wealth Partners LLC lifted its holdings in shares of iShares TIPS Bond ETF by 1.3% in the second quarter. Daymark Wealth Partners LLC now owns 6,946 shares of the exchange traded fund’s stock worth $764,000 after acquiring an additional 92 shares during the last quarter. Lyell Wealth Management LP increased its position in iShares TIPS Bond ETF by 0.4% during the 2nd quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock worth $2,675,000 after purchasing an additional 95 shares in the last quarter. Northwest Wealth Management LLC lifted its stake in iShares TIPS Bond ETF by 1.1% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock valued at $1,029,000 after purchasing an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in iShares TIPS Bond ETF by 25.7% in the second quarter. Strategic Investment Solutions Inc. IL now owns 509 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 104 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in iShares TIPS Bond ETF by 2.1% in the first quarter. Ieq Capital LLC now owns 6,412 shares of the exchange traded fund’s stock valued at $712,000 after buying an additional 129 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $110.75 on Friday. The firm’s fifty day moving average price is $111.41 and its two-hundred day moving average price is $110.20. The stock has a market cap of $14.07 billion, a PE ratio of 12.40 and a beta of 0.26. 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).