XML Financial LLC Purchases 4,830 Shares of iShares TIPS Bond ETF $TIP

XML Financial LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,830 shares of the exchange traded fund’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Partners Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $1,028,000. Envestnet Asset Management Inc. raised its position in iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after acquiring an additional 68,483 shares in the last quarter. Baird Financial Group Inc. lifted its stake in iShares TIPS Bond ETF by 44.1% in the second quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after acquiring an additional 29,323 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in iShares TIPS Bond ETF by 12.3% in the second quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock valued at $46,094,000 after acquiring an additional 46,597 shares during the last quarter. Finally, Horizons Wealth Management acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at approximately $6,149,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $106.10 on Thursday. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $111.98. The firm has a 50 day moving average of $105.63 and a two-hundred day moving average of $108.79.

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.