Independence Financial Advisors LLC Grows Position in iShares TIPS Bond ETF $TIP

Independence Financial Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,283 shares of the exchange traded fund’s stock after purchasing an additional 4,863 shares during the quarter. iShares TIPS Bond ETF accounts for about 4.7% of Independence Financial Advisors LLC’s portfolio, making the stock its 5th largest holding. Independence Financial Advisors LLC owned approximately 0.09% of iShares TIPS Bond ETF worth $12,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $28,000. Avalon Trust Co bought a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at $31,000. Finally, Grove Bank & Trust acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $110.75 on Friday. The stock has a market capitalization of $14.07 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock’s fifty day moving average is $111.41 and its 200 day moving average is $110.20. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26.

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).