6,907 Shares in iShares TIPS Bond ETF $TIP Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, HoldingsChannel.com reports. The fund bought 6,907 shares of the exchange traded fund’s stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIP. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $25,000. CX Institutional bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $29,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $35,000. Timbuktu Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 2nd quarter valued at $52,000. Finally, Realta Investment Advisors increased its stake in iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 320 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

TIP stock opened at $105.54 on Friday. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The business’s fifty day simple moving average is $105.89 and its two-hundred day simple moving average is $108.36.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.