PFG Advisors Invests $742,000 in iShares TIPS Bond ETF $TIP

PFG Advisors acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,670 shares of the exchange traded fund’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fermata Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 16.0% in the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after purchasing an additional 6,514 shares during the period. Carr Financial Group Corp acquired a new position in iShares TIPS Bond ETF in the third quarter valued at $621,000. Avalon Trust Co lifted its position in iShares TIPS Bond ETF by 526.9% during the second quarter. Avalon Trust Co now owns 1,724 shares of the exchange traded fund’s stock worth $190,000 after buying an additional 1,449 shares during the period. Archer Investment Management LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $8,131,000. Finally, Arkadios Wealth Advisors boosted its stake in iShares TIPS Bond ETF by 510.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 18,990 shares of the exchange traded fund’s stock worth $2,112,000 after buying an additional 15,877 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $111.07 on Thursday. The firm has a market cap of $13.92 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.47 and a 1-year high of $112.26. The firm’s 50-day simple moving average is $110.72 and its 200-day simple moving average is $110.93.

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.