Professional Financial Advisors LLC Makes New Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Professional Financial Advisors LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,151 shares of the exchange traded fund’s stock, valued at approximately $232,000.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $26,000. Fortis Group Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $27,000. Fortis Capital Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Covestor Ltd bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $33,000. Finally, Sound Income Strategies LLC boosted its holdings in iShares TIPS Bond ETF by 108.7% in the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 188 shares during the period.

iShares TIPS Bond ETF Stock Up 0.0 %

TIP stock traded up $0.04 during mid-day trading on Thursday, hitting $107.41. The company had a trading volume of 689,596 shares, compared to its average volume of 2,123,460. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $111.26. The company has a 50-day moving average price of $106.75 and a 200 day moving average price of $105.59.

iShares TIPS Bond ETF 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).