Eagle Bay Advisors LLC Takes $96,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Eagle Bay Advisors LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel reports. The fund bought 900 shares of the exchange traded fund’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealthspire Advisors LLC increased its position in iShares TIPS Bond ETF by 18.9% during the second quarter. Wealthspire Advisors LLC now owns 4,606 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 733 shares during the last quarter. Perissos Private Wealth Management LLC increased its position in shares of iShares TIPS Bond ETF by 28.4% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 13,746 shares of the exchange traded fund’s stock valued at $1,468,000 after purchasing an additional 3,038 shares during the last quarter. One Capital Management LLC lifted its stake in shares of iShares TIPS Bond ETF by 9.0% in the 2nd quarter. One Capital Management LLC now owns 308,806 shares of the exchange traded fund’s stock worth $32,974,000 after purchasing an additional 25,498 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of iShares TIPS Bond ETF by 12.2% in the second quarter. Citizens Financial Group Inc. RI now owns 2,156 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 234 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in iShares TIPS Bond ETF by 7.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 4,396 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 296 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP opened at $106.22 on Tuesday. The firm’s 50 day simple moving average is $107.52 and its two-hundred day simple moving average is $108.29. The company has a market capitalization of $18.43 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06.

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).