16,011 Shares of iShares TIPS Bond ETF $TIP Bought by Adirondack Trust Co.

Adirondack Trust Co. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 16,011 shares of the exchange traded fund’s stock, valued at approximately $1,666,000.

Several other hedge funds have also modified their holdings of the stock. TD Waterhouse Canada Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.3% during the second quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock worth $46,094,000 after purchasing an additional 46,597 shares in the last quarter. 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 valued at $10,490,000 after purchasing an additional 29,323 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at $1,158,000. Envestnet Asset Management Inc. grew its holdings in iShares TIPS Bond ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its stake in iShares TIPS Bond ETF by 4.2% during the 1st quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock worth $52,290,000 after buying an additional 19,162 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock traded up $0.06 during midday trading on Wednesday, hitting $104.62. 1,021,648 shares of the stock were exchanged, compared to its average volume of 2,213,464. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.24. The firm has a market cap of $14.29 billion, a P/E ratio of 12.40 and a beta of 0.27. The company has a 50 day moving average price of $106.00 and a two-hundred day moving average price of $108.44.

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). 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.