Wedbush Securities Inc. Makes New $658,000 Investment in iShares TIPS Bond ETF $TIP

Wedbush Securities Inc. purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,326 shares of the exchange traded fund’s stock, valued at approximately $658,000.

A number of other institutional investors also recently modified their holdings of TIP. Kintra Wealth LLC lifted its position in shares of iShares TIPS Bond ETF by 3.4% during the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 94 shares during the last quarter. FC Advisory LLC grew its position in iShares TIPS Bond ETF by 1.9% in the second quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 102 shares during the last quarter. Capital Analysts LLC grew its position in iShares TIPS Bond ETF by 1.6% in the second quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock valued at $790,000 after acquiring an additional 114 shares during the last quarter. Matrix Trust Co raised its stake in iShares TIPS Bond ETF by 3.3% during the second quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock worth $451,000 after acquiring an additional 131 shares in the last quarter. Finally, William Howard & Co Financial Advisors Inc raised its stake in iShares TIPS Bond ETF by 1.0% during the second quarter. William Howard & Co Financial Advisors Inc now owns 13,542 shares of the exchange traded fund’s stock worth $1,482,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.1%

TIP stock opened at $106.31 on Tuesday. The stock has a market capitalization of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $112.04. The firm has a 50-day moving average price of $105.77 and a 200-day moving average price of $108.94.

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). 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.