Connable Office Inc. Acquires 31,910 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Connable Office Inc. increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 128.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,684 shares of the exchange traded fund’s stock after acquiring an additional 31,910 shares during the period. iShares TIPS Bond ETF comprises approximately 0.6% of Connable Office Inc.’s portfolio, making the stock its 26th biggest holding. Connable Office Inc.’s holdings in iShares TIPS Bond ETF were worth $6,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tsfg LLC lifted its stake in iShares TIPS Bond ETF by 8.3% in the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC lifted its position in shares of iShares TIPS Bond ETF by 0.6% in the third quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after buying an additional 100 shares in the last quarter. Citizens & Northern Corp boosted its stake in iShares TIPS Bond ETF by 3.0% during the second quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 102 shares during the last quarter. TNF LLC grew its holdings in iShares TIPS Bond ETF by 1.1% during the 2nd quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock valued at $1,079,000 after buying an additional 105 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its stake in iShares TIPS Bond ETF by 2.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after acquiring an additional 108 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $107.42 on Friday. The business’s 50 day simple moving average is $109.35 and its 200-day simple moving average is $107.98. iShares TIPS Bond ETF has a 1 year low of $103.76 and a 1 year high of $111.06. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).