Financial Advocates Investment Management Has $2.14 Million Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Financial Advocates Investment Management cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,334 shares of the exchange traded fund’s stock after selling 2,149 shares during the period. Financial Advocates Investment Management’s holdings in iShares TIPS Bond ETF were worth $2,136,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $213,000. TIAA Trust National Association boosted its holdings in shares of iShares TIPS Bond ETF by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 88,468 shares of the exchange traded fund’s stock worth $9,447,000 after buying an additional 2,776 shares during the period. Buck Wealth Strategies LLC boosted its holdings in shares of iShares TIPS Bond ETF by 1,108.6% during the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after buying an additional 62,426 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $27,453,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $108.31 on Friday. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a 50-day simple moving average of $109.57 and a 200 day simple moving average of $107.83. iShares TIPS Bond ETF has a 52 week low of $102.46 and a 52 week high of $111.06.

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).