Spectrum Wealth Counsel LLC Increases Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Spectrum Wealth Counsel LLC increased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,112 shares of the exchange traded fund’s stock after buying an additional 184 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in iShares TIPS Bond ETF were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TIP. Kestra Investment Management LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $45,000. GPS Wealth Strategies Group LLC raised its position in iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Centricity Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $82,000. Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $96,000. Finally, Bank of Jackson Hole Trust purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $115,000.

iShares TIPS Bond ETF Stock Up 0.7 %

NYSEARCA:TIP opened at $110.34 on Friday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The company has a market capitalization of $14.12 billion, a P/E ratio of 12.25 and a beta of 0.26. The stock’s fifty day moving average is $107.67 and its two-hundred day moving average is $108.47.

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).