Beacon Financial Advisory LLC Takes Position in iShares TIPS Bond ETF $TIP

Beacon Financial Advisory LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,344 shares of the exchange traded fund’s stock, valued at approximately $368,000.

Several other large investors have also recently bought and sold shares of the business. Simplicity Wealth LLC raised its stake in iShares TIPS Bond ETF by 97.3% in the second quarter. Simplicity Wealth LLC now owns 6,062 shares of the exchange traded fund’s stock valued at $667,000 after buying an additional 2,989 shares in the last quarter. Hilltop National Bank purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $36,000. PFG Investments LLC raised its position in shares of iShares TIPS Bond ETF by 29.1% during the 2nd quarter. PFG Investments LLC now owns 16,084 shares of the exchange traded fund’s stock worth $1,770,000 after acquiring an additional 3,623 shares in the last quarter. First United Bank & Trust lifted its stake in iShares TIPS Bond ETF by 44.5% during the second quarter. First United Bank & Trust now owns 6,450 shares of the exchange traded fund’s stock worth $710,000 after purchasing an additional 1,986 shares during the last quarter. Finally, White Pine Investment CO boosted its holdings in iShares TIPS Bond ETF by 4.4% in the second quarter. White Pine Investment CO now owns 85,650 shares of the exchange traded fund’s stock valued at $9,425,000 after purchasing an additional 3,585 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of iShares TIPS Bond ETF stock opened at $111.05 on Monday. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The firm’s 50 day moving average is $110.86 and its two-hundred day moving average is $109.81. The firm has a market capitalization of $13.94 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).