Independence Financial Advisors LLC Acquires Shares of 104,420 iShares TIPS Bond ETF (NYSEARCA:TIP)

Independence Financial Advisors LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 104,420 shares of the exchange traded fund’s stock, valued at approximately $11,600,000. iShares TIPS Bond ETF accounts for approximately 4.4% of Independence Financial Advisors LLC’s portfolio, making the stock its 7th biggest holding. Independence Financial Advisors LLC owned approximately 0.08% of iShares TIPS Bond ETF at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in shares of iShares TIPS Bond ETF by 10.6% in the fourth quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after acquiring an additional 739,540 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares TIPS Bond ETF by 7.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock valued at $240,148,000 after buying an additional 141,703 shares during the period. Sumitomo Life Insurance Co. increased its position in shares of iShares TIPS Bond ETF by 10.0% during the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock valued at $178,603,000 after buying an additional 145,987 shares during the period. 3EDGE Asset Management LP increased its position in shares of iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after buying an additional 766,851 shares during the period. Finally, LPL Financial LLC increased its position in shares of iShares TIPS Bond ETF by 3.2% during the first quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock valued at $126,505,000 after buying an additional 34,866 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $110.28 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $111.50. The company’s 50-day moving average is $109.18 and its 200 day moving average is $109.05. The stock has a market capitalization of $13.83 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).