Hobbs Group Advisors LLC Acquires Shares of 373 iShares TIPS Bond ETF (NYSEARCA:TIP)

Hobbs Group Advisors LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the second quarter, HoldingsChannel reports. The fund bought 373 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colony Family Offices LLC grew its position in shares of iShares TIPS Bond ETF by 5.4% during the 1st quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock valued at $205,000 after acquiring an additional 97 shares during the period. Clear Investment Research LLC grew its position in shares of iShares TIPS Bond ETF by 2.0% during the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock valued at $570,000 after acquiring an additional 103 shares during the period. Principal Financial Group Inc. grew its position in shares of iShares TIPS Bond ETF by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 13,577 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 117 shares during the period. Graypoint LLC boosted its holdings in iShares TIPS Bond ETF by 1.3% in the 1st quarter. Graypoint LLC now owns 9,170 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 120 shares during the period. Finally, High Falls Advisors Inc boosted its holdings in iShares TIPS Bond ETF by 1.2% in the 1st quarter. High Falls Advisors Inc now owns 9,829 shares of the exchange traded fund’s stock worth $1,056,000 after buying an additional 121 shares during the period.

iShares TIPS Bond ETF Stock Up 0.1 %

TIP traded up $0.15 on Wednesday, hitting $109.04. The company’s stock had a trading volume of 986,509 shares, compared to its average volume of 1,945,198. The company’s 50 day simple moving average is $107.47 and its 200-day simple moving average is $106.78. The firm has a market cap of $18.92 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $109.13.

iShares TIPS Bond ETF Company 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).