Migdal Insurance & Financial Holdings Ltd. Has $6.57 Million Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,501 shares of the exchange traded fund’s stock after purchasing an additional 1,242 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares TIPS Bond ETF were worth $6,573,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TIP. Norden Group LLC acquired a new stake in iShares TIPS Bond ETF during the 1st quarter valued at $258,000. Oppenheimer & Co. Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 32.7% during the first quarter. Oppenheimer & Co. Inc. now owns 24,626 shares of the exchange traded fund’s stock worth $2,645,000 after buying an additional 6,073 shares in the last quarter. Williams Jones Wealth Management LLC. lifted its holdings in shares of iShares TIPS Bond ETF by 6.4% during the first quarter. Williams Jones Wealth Management LLC. now owns 3,193 shares of the exchange traded fund’s stock worth $343,000 after buying an additional 193 shares in the last quarter. Wealth Forward LLC lifted its holdings in shares of iShares TIPS Bond ETF by 3.8% during the first quarter. Wealth Forward LLC now owns 100,053 shares of the exchange traded fund’s stock worth $10,747,000 after buying an additional 3,660 shares in the last quarter. Finally, Watershed Private Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $808,000.

iShares TIPS Bond ETF Stock Up 0.3 %

Shares of TIP traded up $0.30 during midday trading on Friday, reaching $108.57. 2,767,175 shares of the stock were exchanged, compared to its average volume of 1,951,916. iShares TIPS Bond ETF has a twelve month low of $103.19 and a twelve month high of $111.06. The company has a market cap of $18.84 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s 50 day simple moving average is $109.43 and its 200 day simple moving average is $107.92.

About iShares TIPS Bond ETF

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).