Foundation Wealth Management LLC PA bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,471 shares of the exchange traded fund’s stock, valued at approximately $1,862,000.
Other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth about $26,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at approximately $45,000. Runnymede Capital Advisors Inc. purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $47,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the last quarter.
iShares TIPS Bond ETF Stock Performance
NYSEARCA TIP opened at $109.86 on Thursday. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The company has a fifty day moving average of $108.86 and a 200-day moving average of $108.57. The company has a market capitalization of $14.30 billion, a P/E ratio of 12.32 and a beta of 0.28.
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).
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