7,867 iShares TIPS Bond ETF $TIP Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,158 shares of the exchange traded fund’s stock after buying an additional 7,867 shares during the quarter. Soltis Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Founders Financial Securities LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $747,000. D.A. Davidson & CO. bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $5,106,000. BOKF NA bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $10,715,000. Sterling Investment Advisors LLC ADV bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $7,230,000. Finally, North Star Investment Management Corp. purchased a new position in iShares TIPS Bond ETF during the third quarter valued at $432,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $106.69 on Friday. The business’s fifty day moving average is $105.69 and its 200 day moving average is $108.85. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $111.98. The company has a market capitalization of $14.69 billion, a PE ratio of 12.40 and a beta of 0.27.

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.