Arax Advisory Partners Acquires Shares of 32,960 iShares TIPS Bond ETF $TIP

Arax Advisory Partners acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,960 shares of the exchange traded fund’s stock, valued at approximately $3,623,000.

Several other institutional investors also recently bought and sold shares of TIP. Bank of America Corp DE grew its holdings in iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC grew its holdings in iShares TIPS Bond ETF by 10,997.3% in the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $187,000. Northwestern Mutual Wealth Management Co. grew its holdings in iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after purchasing an additional 797,259 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in iShares TIPS Bond ETF by 615.5% in the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock valued at $72,203,000 after purchasing an additional 558,456 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.61 on Monday. The stock’s 50 day moving average is $110.77 and its two-hundred day moving average is $110.65. The firm has a market cap of $14.50 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $108.38 and a 12 month high of $112.26.

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.