15,970 Shares of iShares TIPS Bond ETF $TIP Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,970 shares of the exchange traded fund’s stock, valued at approximately $1,662,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $1,404,000. Insight Wealth Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 5.2% during the 3rd quarter. Insight Wealth Partners LLC now owns 47,197 shares of the exchange traded fund’s stock valued at $4,910,000 after buying an additional 2,348 shares during the period. Patton Albertson Miller Group LLC purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $1,461,000. Viewpoint Investment Partners Corp grew its holdings in shares of iShares TIPS Bond ETF by 26.7% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after acquiring an additional 126,040 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in shares of iShares TIPS Bond ETF by 11.4% in the third quarter. Apollon Wealth Management LLC now owns 4,792 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 489 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

TIP opened at $106.69 on Monday. The stock has a fifty day moving average price of $105.69 and a 200 day moving average price of $108.85. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $111.98. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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.