iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,932 shares of the exchange traded fund’s stock after purchasing an additional 576 shares during the period. Kovack Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $845,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TIP. FMR LLC grew its stake in shares of iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its position in shares of iShares TIPS Bond ETF by 52.6% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock valued at $45,729,000 after purchasing an additional 147,849 shares in the last quarter. Finally, Quotient Wealth Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 3.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 394,570 shares of the exchange traded fund’s stock valued at $42,041,000 after buying an additional 12,055 shares during the last quarter.

iShares TIPS Bond ETF Trading Down 0.1 %

TIP stock opened at $109.58 on Friday. The firm has a 50 day simple moving average of $107.59 and a 200-day simple moving average of $108.45. The company has a market capitalization of $14.03 billion, a P/E ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month 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).