iShares TIPS Bond ETF $TIP Shares Newly Bought by Kelleher Financial Advisors

Kelleher Financial Advisors bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 9,520 shares of the exchange traded fund’s stock, valued at approximately $990,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at approximately $27,000. CX Institutional bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $29,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $35,000. Bell Investment Advisors Inc bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $39,000. Finally, Timbuktu Capital Management LLC purchased a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $52,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $106.10 on Thursday. The firm has a 50 day simple moving average of $105.63 and a 200 day simple moving average of $108.79. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $111.98. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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.