WASHINGTON TRUST Co Acquires New Holdings in iShares TIPS Bond ETF $TIP

WASHINGTON TRUST Co acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, Holdings Channel reports. The firm acquired 10,804 shares of the exchange traded fund’s stock, valued at approximately $1,124,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional bought a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $29,000. Eastern Bank purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $35,000. Timbuktu Capital Management LLC bought a new position in iShares TIPS Bond ETF in the second quarter worth approximately $52,000. Realta Investment Advisors raised its position in iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 320 shares during the period. Finally, NBT Bank N A NY raised its position in iShares TIPS Bond ETF by 374.5% in the first quarter. NBT Bank N A NY now owns 522 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 412 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock traded down $0.09 on Friday, hitting $106.24. 1,608,993 shares of the company’s stock were exchanged, compared to its average volume of 2,205,029. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.04. The company has a 50-day simple moving average of $105.77 and a 200-day simple moving average of $108.19. The stock has a market capitalization of $14.55 billion, a PE ratio of 12.40 and a beta of 0.27.

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.