Ashton Thomas Private Wealth LLC Buys Shares of 3,283 iShares TIPS Bond ETF (NYSEARCA:TIP)

Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,283 shares of the exchange traded fund’s stock, valued at approximately $350,000.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC lifted its position in iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after purchasing an additional 3,608,542 shares during the period. JPMorgan Chase & Co. lifted its position in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares during the period. Sumitomo Life Insurance Co. lifted its position in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares during the period. Assetmark Inc. lifted its position in iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after purchasing an additional 1,378,094 shares during the period. Finally, Baldwin Wealth Partners LLC MA lifted its position in iShares TIPS Bond ETF by 52.6% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock valued at $45,729,000 after purchasing an additional 147,849 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.65 on Wednesday. The stock has a market cap of $14.04 billion, a PE ratio of 12.25 and a beta of 0.26. The stock has a 50-day moving average of $108.14 and a 200-day moving average of $108.52. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06.

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).