Lido Advisors LLC Makes New Investment in iShares TIPS Bond ETF $TIP

Lido Advisors LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 49,093 shares of the exchange traded fund’s stock, valued at approximately $5,108,000.

Several other large investors have also recently made changes to their positions in the business. Keybank National Association OH purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $66,214,000. Welch & Forbes LLC increased its holdings in iShares TIPS Bond ETF by 2.2% during the third quarter. Welch & Forbes LLC now owns 51,420 shares of the exchange traded fund’s stock worth $5,350,000 after buying an additional 1,104 shares during the last quarter. Simplex Trading LLC purchased a new stake in iShares TIPS Bond ETF during the third quarter worth about $345,000. AlphaCore Capital LLC raised its position in iShares TIPS Bond ETF by 38.3% in the third quarter. AlphaCore Capital LLC now owns 6,151 shares of the exchange traded fund’s stock worth $640,000 after acquiring an additional 1,704 shares during the period. Finally, Leuthold Group LLC bought a new stake in iShares TIPS Bond ETF in the third quarter worth about $6,841,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $104.77 on Friday. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $111.98. The firm’s 50-day simple moving average is $105.46 and its two-hundred day simple moving average is $108.66.

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.