iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,406 shares of the exchange traded fund’s stock after purchasing an additional 1,610 shares during the period. Parkside Financial Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC lifted its stake in iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in 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 worth $155,749,000 after purchasing an additional 536,610 shares during the last quarter. SG Americas Securities LLC lifted its stake in iShares TIPS Bond ETF by 25,645.3% during the fourth quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock worth $29,187,000 after purchasing an additional 272,866 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in iShares TIPS Bond ETF by 10,555.0% during the fourth quarter. Proficio Capital Partners LLC now owns 209,904 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 207,934 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $18,602,000.

iShares TIPS Bond ETF Trading Up 0.7 %

Shares of NYSEARCA TIP opened at $110.34 on Friday. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The stock has a 50 day moving average of $107.67 and a two-hundred day moving average of $108.47. The stock has a market cap of $14.12 billion, a P/E ratio of 12.25 and a beta of 0.26.

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).