Parkside Financial Bank & Trust Has $1.32 Million Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Parkside Financial Bank & Trust lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 21.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,467 shares of the exchange traded fund’s stock after buying an additional 2,036 shares during the quarter. Parkside Financial Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $1,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mycio Wealth Partners LLC grew its position in shares of iShares TIPS Bond ETF by 18.1% in the 2nd quarter. Mycio Wealth Partners LLC now owns 2,774 shares of the exchange traded fund’s stock valued at $320,000 after purchasing an additional 425 shares during the period. Meridian Management Co. grew its position in shares of iShares TIPS Bond ETF by 1.8% in the 2nd quarter. Meridian Management Co. now owns 42,246 shares of the exchange traded fund’s stock valued at $4,879,000 after purchasing an additional 761 shares during the period. Divergent Wealth Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 62.3% in the 2nd quarter. Divergent Wealth Advisors LLC now owns 87,626 shares of the exchange traded fund’s stock valued at $10,120,000 after purchasing an additional 33,642 shares during the period. Burleson & Company LLC grew its position in shares of iShares TIPS Bond ETF by 6.1% in the 2nd quarter. Burleson & Company LLC now owns 18,937 shares of the exchange traded fund’s stock valued at $2,185,000 after purchasing an additional 1,088 shares during the period. Finally, National Asset Management Inc. grew its position in shares of iShares TIPS Bond ETF by 31.4% in the 2nd quarter. National Asset Management Inc. now owns 16,046 shares of the exchange traded fund’s stock valued at $1,854,000 after purchasing an additional 3,830 shares during the period.

Shares of TIP traded down $0.22 on Thursday, hitting $116.59. The company’s stock had a trading volume of 19,394 shares, compared to its average volume of 1,262,949. The firm’s fifty day moving average price is $115.64 and its 200-day moving average price is $113.56. iShares TIPS Bond ETF has a fifty-two week low of $107.53 and a fifty-two week high of $117.79.

iShares TIPS Bond ETF Company 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).

Further Reading: Hold Rating

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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