Madden Advisory Services Inc. Raises Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Madden Advisory Services Inc. lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,030 shares of the exchange traded fund’s stock after purchasing an additional 1,579 shares during the quarter. Madden Advisory Services Inc.’s holdings in iShares TIPS Bond ETF were worth $1,219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIP. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth $26,000. Private Ocean LLC raised its position in iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Gradient Investments LLC lifted its stake in shares of iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares during the last quarter. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $37,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $40,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.94 on Tuesday. The company has a market cap of $18.73 billion, a P/E ratio of 11.86 and a beta of 0.09. The business’s 50 day moving average price is $109.51 and its 200-day moving average price is $107.89. iShares TIPS Bond ETF has a fifty-two week low of $103.19 and a fifty-two week high of $111.06.

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).