Arrow Investment Advisors LLC Buys New Position in iShares TIPS Bond ETF $TIP

Arrow Investment Advisors LLC acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 11,631 shares of the exchange traded fund’s stock, valued at approximately $1,210,000. iShares TIPS Bond ETF makes up approximately 1.0% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in TIP. Pekin Hardy Strauss Inc. acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $1,026,000. Westside Investment Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 121.7% during the 3rd quarter. Westside Investment Management Inc. now owns 17,442 shares of the exchange traded fund’s stock worth $1,815,000 after buying an additional 9,573 shares in the last quarter. Principle Wealth Partners LLC boosted its holdings in shares of iShares TIPS Bond ETF by 8.0% during the third quarter. Principle Wealth Partners LLC now owns 2,028 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 150 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of iShares TIPS Bond ETF by 38.8% in the third quarter. Kestra Advisory Services LLC now owns 79,592 shares of the exchange traded fund’s stock worth $8,281,000 after buying an additional 22,267 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $20,785,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $106.27 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $111.98. The stock has a market capitalization of $14.59 billion, a P/E ratio of 12.40 and a beta of 0.27. The company has a 50 day moving average price of $105.58 and a 200 day moving average price of $108.75.

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). 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.