StoneX Group Inc. Purchases 12,804 Shares of iShares TIPS Bond ETF $TIP

StoneX Group Inc. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, HoldingsChannel reports. The firm purchased 12,804 shares of the exchange traded fund’s stock, valued at approximately $1,339,000.

Other hedge funds also recently modified their holdings of the company. Partners Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $1,028,000. Envestnet Asset Management Inc. increased its stake in shares of iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after buying an additional 68,483 shares during the period. Baird Financial Group Inc. increased its stake in shares of iShares TIPS Bond ETF by 44.1% in the second quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after buying an additional 29,323 shares during the period. TD Waterhouse Canada Inc. raised 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 acquiring an additional 46,597 shares during the last quarter. Finally, Horizons Wealth Management bought a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $6,149,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $106.03 on Tuesday. The stock’s 50 day moving average is $105.56 and its 200 day moving average is $108.73. The firm has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $111.98.

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). 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.