Redhawk Wealth Advisors Inc. Acquires Shares of 95,814 iShares TIPS Bond ETF $TIP

Redhawk Wealth Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 95,814 shares of the exchange traded fund’s stock, valued at approximately $10,656,000. iShares TIPS Bond ETF accounts for about 1.2% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 15th biggest position. Redhawk Wealth Advisors Inc. owned 0.08% of iShares TIPS Bond ETF at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of iShares TIPS Bond ETF by 4,627.6% in the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after buying an additional 2,848,700 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares TIPS Bond ETF by 11.0% during the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after acquiring an additional 1,281,679 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $51,846,000. Partners Capital Investment Group LLP lifted its position in 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 valued at $113,756,000 after acquiring an additional 456,633 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.50 on Friday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The stock has a 50 day moving average price of $111.07 and a two-hundred day moving average price of $110.49.

About iShares TIPS Bond ETF

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).