Prime Capital Investment Advisors LLC Has $14.25 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Prime Capital Investment Advisors LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 128,991 shares of the exchange traded fund’s stock after selling 1,784 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $14,250,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TIP. Williams Jones Wealth Management LLC. boosted its stake in shares of iShares TIPS Bond ETF by 6.4% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 3,193 shares of the exchange traded fund’s stock worth $343,000 after buying an additional 193 shares during the last quarter. Avid Wealth Partners LLC purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $333,000. Orion Portfolio Solutions LLC boosted its stake in shares of iShares TIPS Bond ETF by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 87,952 shares of the exchange traded fund’s stock worth $9,447,000 after buying an additional 11,993 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of iShares TIPS Bond ETF by 32.0% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 18,286 shares of the exchange traded fund’s stock worth $1,964,000 after buying an additional 4,432 shares during the last quarter. Finally, Bright Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $9,686,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP traded down $0.05 during midday trading on Tuesday, reaching $108.16. The company’s stock had a trading volume of 101,504 shares, compared to its average volume of 1,941,248. iShares TIPS Bond ETF has a 12-month low of $103.19 and a 12-month high of $111.06. The firm has a 50 day moving average price of $109.42 and a 200-day moving average price of $107.97. The stock has a market capitalization of $18.77 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).