Shade Tree Advisors LLC Invests $362,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Shade Tree Advisors LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,399 shares of the exchange traded fund’s stock, valued at approximately $362,000. iShares TIPS Bond ETF makes up about 0.4% of Shade Tree Advisors LLC’s portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TIP. Sound Income Strategies LLC raised its stake in iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares during the period. Peak Financial Management Inc. grew its holdings in shares of iShares TIPS Bond ETF by 0.7% during the third quarter. Peak Financial Management Inc. now owns 33,670 shares of the exchange traded fund’s stock valued at $3,720,000 after buying an additional 227 shares in the last quarter. First United Bank & Trust raised its position in iShares TIPS Bond ETF by 3.2% during the third quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 108 shares during the period. 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 acquiring an additional 93 shares in the last quarter. Finally, Sumitomo Life Insurance Co. acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $102,200,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $108.46 on Wednesday. The stock has a market cap of $18.82 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The stock’s 50-day moving average is $107.40 and its two-hundred day moving average is $108.39.

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).