Jones Financial Companies Lllp Purchases 14,138 Shares of iShares TIPS Bond ETF $TIP

Jones Financial Companies Lllp increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 44.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,658 shares of the exchange traded fund’s stock after buying an additional 14,138 shares during the period. Jones Financial Companies Lllp’s holdings in iShares TIPS Bond ETF were worth $5,073,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the second quarter valued at $25,000. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF during the third quarter valued at $33,000. Abound Wealth Management bought a new position in iShares TIPS Bond ETF during the third quarter valued at $41,000. Financial Gravity Companies Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth $43,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of NYSEARCA TIP opened at $110.67 on Friday. iShares TIPS Bond ETF has a 12-month low of $106.47 and a 12-month high of $112.26. The firm’s 50-day moving average price is $110.22 and its 200-day moving average price is $110.74. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.