SFG Wealth Management LLC. Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

SFG Wealth Management LLC. bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,947 shares of the exchange traded fund’s stock, valued at approximately $314,000.

A number of other institutional investors have also added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $26,000. Eastern Bank acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $37,000. Strategic Investment Solutions Inc. IL grew its holdings in iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC increased its position in iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 298 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 28.5% in the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 194 shares during the period.

iShares TIPS Bond ETF Stock Up 0.0 %

TIP opened at $107.18 on Monday. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The business has a 50 day moving average of $107.42 and a 200-day moving average of $108.30.

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).