iShares TIPS Bond ETF $TIP Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.4% in the third quarter, HoldingsChannel.com reports. The firm owned 242,403 shares of the exchange traded fund’s stock after acquiring an additional 20,807 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $26,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $33,000. Abound Wealth Management acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $41,000. Financial Gravity Companies Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $43,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $47,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $110.56 on Friday. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26. The firm has a market capitalization of $13.85 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a 50-day simple moving average of $110.24 and a 200-day simple moving average of $110.73.

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.