96,745 Shares in iShares TIPS Bond ETF $TIP Purchased by Estate Counselors LLC

Estate Counselors LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, HoldingsChannel.com reports. The fund bought 96,745 shares of the exchange traded fund’s stock, valued at approximately $10,760,000. iShares TIPS Bond ETF accounts for approximately 0.9% of Estate Counselors LLC’s holdings, making the stock its 16th largest holding.

Several other hedge funds also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $25,000. Root Financial Partners LLC purchased a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $33,000. ST Germain D J Co. Inc. boosted its position in iShares TIPS Bond ETF by 160.0% during the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Hilltop National Bank purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter worth approximately $36,000. Finally, Abound Wealth Management acquired a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $41,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Up 0.2%

Shares of iShares TIPS Bond ETF stock opened at $110.23 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26. The business’s fifty day moving average is $110.35 and its two-hundred day moving average is $110.69. The firm has a market cap of $14.22 billion, a PE ratio of 12.40 and a beta of 0.26.

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.