Independence Financial Advisors LLC Purchases 12,860 Shares of iShares TIPS Bond ETF $TIP

Independence Financial Advisors LLC boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,008 shares of the exchange traded fund’s stock after purchasing an additional 12,860 shares during the period. iShares TIPS Bond ETF accounts for about 5.4% of Independence Financial Advisors LLC’s portfolio, making the stock its 4th biggest holding. Independence Financial Advisors LLC owned about 0.15% of iShares TIPS Bond ETF worth $21,329,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. increased its stake in shares of iShares TIPS Bond ETF by 320.3% in the fourth quarter. Vise Technologies Inc. now owns 7,699 shares of the exchange traded fund’s stock valued at $846,000 after buying an additional 5,867 shares during the period. TD Waterhouse Canada Inc. boosted its position in iShares TIPS Bond ETF by 12.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock worth $46,094,000 after buying an additional 46,597 shares during the period. Baird Financial Group Inc. grew its holdings in iShares TIPS Bond ETF by 44.1% during the 2nd quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock worth $10,490,000 after acquiring an additional 29,323 shares during the last quarter. Engineers Gate Manager LP acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $1,158,000. Finally, Quotient Wealth Partners LLC raised its stake in shares of iShares TIPS Bond ETF by 4.2% during the first quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock valued at $52,290,000 after acquiring an additional 19,162 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded up $0.28 during mid-day trading on Thursday, reaching $104.52. 1,780,690 shares of the company’s stock were exchanged, compared to its average volume of 2,230,399. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The business’s fifty day moving average price is $106.22 and its 200-day moving average price is $108.60. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24.

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). 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.