Mutual Advisors LLC Buys 1,225 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Mutual Advisors LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 53.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,530 shares of the exchange traded fund’s stock after acquiring an additional 1,225 shares during the period. Mutual Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TIP. Synovus Financial Corp raised its holdings in shares of iShares TIPS Bond ETF by 215.5% during the third quarter. Synovus Financial Corp now owns 1,587 shares of the exchange traded fund’s stock valued at $185,000 after acquiring an additional 1,084 shares in the last quarter. Independence Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth $398,000. Stelac Advisory Services LLC grew its stake in shares of iShares TIPS Bond ETF by 6.1% in the third quarter. Stelac Advisory Services LLC now owns 22,337 shares of the exchange traded fund’s stock worth $2,598,000 after acquiring an additional 1,278 shares during the last quarter. Lutz Financial Services LLC grew its stake in shares of iShares TIPS Bond ETF by 7.4% in the third quarter. Lutz Financial Services LLC now owns 35,003 shares of the exchange traded fund’s stock worth $4,070,000 after acquiring an additional 2,398 shares during the last quarter. Finally, Eagle Ridge Investment Management grew its stake in shares of iShares TIPS Bond ETF by 1.0% in the third quarter. Eagle Ridge Investment Management now owns 64,450 shares of the exchange traded fund’s stock worth $7,495,000 after acquiring an additional 611 shares during the last quarter.

In other iShares TIPS Bond ETF news, insider Coleman Howard acquired 57,500 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average cost of $0.80 per share, with a total value of $46,000.00.

Shares of NYSEARCA TIP traded down $0.19 during trading on Friday, reaching $115.44. The company had a trading volume of 165,980 shares, compared to its average volume of 1,298,306. iShares TIPS Bond ETF has a 12-month low of $107.53 and a 12-month high of $118.21. The business’s 50-day moving average is $116.15 and its 200 day moving average is $115.38.

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).

Recommended Story: What is range trading?

Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.