SilverOak Wealth Management LLC Buys Shares of 2,963 iShares TIPS Bond ETF $TIP

SilverOak Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the second quarter, Holdings Channel.com reports. The firm bought 2,963 shares of the exchange traded fund’s stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in iShares TIPS Bond ETF by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock valued at $41,865,000 after purchasing an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares TIPS Bond ETF by 24.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock worth $19,819,000 after buying an additional 35,058 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 177 shares in the last quarter. Fiera Capital Corp raised its position in shares of iShares TIPS Bond ETF by 3.8% during the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock worth $495,000 after buying an additional 165 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of iShares TIPS Bond ETF by 13.2% during the 1st quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock worth $5,999,000 after buying an additional 6,300 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.2%

TIP stock opened at $111.90 on Friday. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. The firm’s 50-day moving average is $111.10 and its two-hundred day moving average is $109.89.

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).