Kestra Advisory Services LLC Purchases 12,394 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Kestra Advisory Services LLC grew its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,231 shares of the exchange traded fund’s stock after buying an additional 12,394 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $13,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TIP. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $201,931,000. Evoke Wealth LLC lifted its holdings in shares of iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after buying an additional 803,988 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 102.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after buying an additional 648,150 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 7,161.8% during the 4th quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock valued at $58,910,000 after buying an additional 540,500 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of iShares TIPS Bond ETF by 14,118.3% during the 1st quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock valued at $38,531,000 after buying an additional 356,204 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded up $0.17 during midday trading on Monday, hitting $107.57. 83,782 shares of the stock traded hands, compared to its average volume of 2,014,723. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $108.54. The firm has a 50-day moving average of $106.82 and a two-hundred day moving average of $106.64. The firm has a market capitalization of $18.66 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).