First Horizon Corp Makes New $3.75 Million Investment in iShares TIPS Bond ETF $TIP

First Horizon Corp acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, Holdings Channel reports. The institutional investor acquired 33,689 shares of the exchange traded fund’s stock, valued at approximately $3,747,000.

A number of other institutional investors have also made changes to their positions in the business. Gladwyn Financial Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $28,000. Grove Bank & Trust acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $31,000. ST Germain D J Co. Inc. increased its position in shares of iShares TIPS Bond ETF by 160.0% in the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in iShares TIPS Bond ETF during the second quarter worth about $36,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $110.18 on Tuesday. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.09 and a twelve month high of $112.26. The business has a 50 day moving average price of $110.50 and a two-hundred day moving average price of $110.65.

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.