BTS Asset Management Inc. Buys New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

BTS Asset Management Inc. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,999 shares of the exchange traded fund’s stock, valued at approximately $320,000. iShares TIPS Bond ETF comprises about 0.3% of BTS Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors have also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth approximately $30,000. Private Ocean LLC increased its position in shares of iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 116 shares during the last quarter. First Pacific Financial increased its position in shares of iShares TIPS Bond ETF by 197.0% during the 1st quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 195 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth approximately $36,000. Finally, Gradient Investments LLC increased its position in shares of iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.1 %

TIP stock opened at $109.42 on Friday. The firm has a market capitalization of $18.98 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $109.61. The business’s 50 day simple moving average is $108.00 and its 200 day simple moving average is $107.01.

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).