Prime Capital Investment Advisors LLC Acquires 4,247 Shares of iShares TIPS Bond ETF $TIP

Prime Capital Investment Advisors LLC increased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,596 shares of the exchange traded fund’s stock after acquiring an additional 4,247 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.18% of iShares TIPS Bond ETF worth $24,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TIP. 3EDGE Asset Management LP increased its position in shares of iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after buying an additional 766,851 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in iShares TIPS Bond ETF in the second quarter worth $51,846,000. Partners Capital Investment Group LLP grew its stake in shares of iShares TIPS Bond ETF by 80.5% in the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after buying an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares TIPS Bond ETF by 45.0% during the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock valued at $108,387,000 after buying an additional 301,463 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in iShares TIPS Bond ETF in the first quarter worth $33,327,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

NYSEARCA TIP opened at $111.05 on Monday. iShares TIPS Bond ETF has a 12 month low of $106.04 and a 12 month high of $112.26. The stock’s fifty day moving average price is $110.86 and its 200-day moving average price is $109.81. The stock has a market cap of $13.99 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).