Sowell Financial Services LLC Acquires New Shares in iShares TIPS Bond ETF $TIP

Sowell Financial Services LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,438 shares of the exchange traded fund’s stock, valued at approximately $878,000.

A number of other institutional investors have also recently bought and sold shares of the company. Ascent Wealth Partners LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter worth $2,062,000. Evergreen Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth $4,369,000. Barrett & Company Inc. acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth $125,000. Gibson Capital LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth $608,000. Finally, Capital Investment Advisors LLC bought a new position in iShares TIPS Bond ETF during the third quarter worth about $1,296,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $106.69 on Monday. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $111.98. The firm has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27. The business’s 50-day moving average price is $105.69 and its two-hundred day moving average price is $108.85.

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.