Migdal Insurance & Financial Holdings Ltd. Buys 60,523 Shares of iShares TIPS Bond ETF $TIP

Migdal Insurance & Financial Holdings Ltd. bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,523 shares of the exchange traded fund’s stock, valued at approximately $6,297,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. Kintra Wealth LLC raised its holdings in shares of iShares TIPS Bond ETF by 3.4% in the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 94 shares during the last quarter. FC Advisory LLC grew its holdings in iShares TIPS Bond ETF by 1.9% during the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 102 shares during the last quarter. Capital Analysts LLC grew its holdings in iShares TIPS Bond ETF by 1.6% during the 2nd quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock worth $790,000 after acquiring an additional 114 shares during the last quarter. TFB Advisors LLC grew its holdings in iShares TIPS Bond ETF by 1.7% during the 3rd quarter. TFB Advisors LLC now owns 7,508 shares of the exchange traded fund’s stock worth $781,000 after acquiring an additional 123 shares during the last quarter. Finally, Matrix Trust Co increased its position in iShares TIPS Bond ETF by 3.3% in the 2nd quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock valued at $451,000 after acquiring an additional 131 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.16 during midday trading on Friday, hitting $104.61. The company had a trading volume of 2,082,545 shares, compared to its average volume of 2,218,999. The company has a market capitalization of $14.27 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98. The firm’s 50-day simple moving average is $105.41 and its 200-day simple moving average is $108.63.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS.