Estate Counselors LLC Makes New Investment in iShares TIPS Bond ETF $TIP

Estate Counselors LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,745 shares of the exchange traded fund’s stock, valued at approximately $10,760,000. iShares TIPS Bond ETF makes up 0.9% of Estate Counselors LLC’s holdings, making the stock its 16th biggest position. Estate Counselors LLC owned 0.08% of iShares TIPS Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TIP. Gladwyn Financial Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000. Hilltop National Bank purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $36,000. ST Germain D J Co. Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 160.0% in the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.23 on Monday. iShares TIPS Bond ETF has a 1-year low of $106.47 and a 1-year high of $112.26. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The firm has a 50 day simple moving average of $110.35 and a 200-day simple moving average of $110.69.

iShares TIPS Bond ETF 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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.