Spectrum Wealth Counsel LLC Has $543,000 Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Spectrum Wealth Counsel LLC grew its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,082 shares of the exchange traded fund’s stock after acquiring an additional 178 shares during the period. Spectrum Wealth Counsel LLC’s holdings in iShares TIPS Bond ETF were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. YHB Investment Advisors Inc. bought a new stake in iShares TIPS Bond ETF in the 1st quarter valued at $30,000. Private Ocean LLC increased its holdings in shares of iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the first quarter valued at $36,000. Gradient Investments LLC raised its position in shares of iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $40,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.44 on Friday. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $110.53. The company has a 50-day simple moving average of $108.41 and a 200 day simple moving average of $107.18.

iShares TIPS Bond ETF Company 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).