21,714 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by Hughes Financial Services LLC

Hughes Financial Services LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,714 shares of the exchange traded fund’s stock, valued at approximately $2,314,000. iShares TIPS Bond ETF comprises about 0.5% of Hughes Financial Services LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its holdings in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares TIPS Bond ETF by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after buying an additional 536,610 shares in the last quarter. Assetmark Inc. grew its holdings in shares of iShares TIPS Bond ETF by 1,852.1% during the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after buying an additional 1,378,094 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of iShares TIPS Bond ETF by 7.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893,256 shares of the exchange traded fund’s stock valued at $105,032,000 after buying an additional 58,066 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.1 %

Shares of TIP stock opened at $109.68 on Friday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The stock’s fifty day simple moving average is $108.26 and its 200-day simple moving average is $108.53.

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).