First United Bank & Trust Raises Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

First United Bank & Trust grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,458 shares of the exchange traded fund’s stock after purchasing an additional 108 shares during the period. First United Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Peak Financial Management Inc. raised its stake in iShares TIPS Bond ETF by 0.7% in the 3rd quarter. Peak Financial Management Inc. now owns 33,670 shares of the exchange traded fund’s stock worth $3,720,000 after acquiring an additional 227 shares during the last quarter. Stablepoint Partners LLC raised its stake in iShares TIPS Bond ETF by 5.5% in the 3rd quarter. Stablepoint Partners LLC now owns 63,404 shares of the exchange traded fund’s stock worth $7,004,000 after acquiring an additional 3,326 shares during the last quarter. Patriot Investment Management Group Inc. raised its stake in iShares TIPS Bond ETF by 1.5% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 12,227 shares of the exchange traded fund’s stock worth $1,351,000 after acquiring an additional 178 shares during the last quarter. Sound Income Strategies LLC grew its position in iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares during the period. Finally, Evexia Wealth LLC grew its position in iShares TIPS Bond ETF by 14.3% during the 3rd quarter. Evexia Wealth LLC now owns 10,880 shares of the exchange traded fund’s stock worth $1,189,000 after purchasing an additional 1,364 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.50 on Wednesday. The business’s 50-day moving average is $109.54 and its two-hundred day moving average is $107.66. The company has a market capitalization of $19.00 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $102.32 and a fifty-two week high of $111.06.

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).