OneAscent Financial Services LLC Invests $1.55 Million in iShares TIPS Bond ETF (NYSEARCA:TIP)

OneAscent Financial Services LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,512 shares of the exchange traded fund’s stock, valued at approximately $1,546,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 1,852.1% in 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 last quarter. Wealthfront Advisers LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $76,533,000. Sumitomo Life Insurance Co. raised 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 worth $155,749,000 after buying an additional 536,610 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $42,463,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $37,033,000.

iShares TIPS Bond ETF Trading Down 0.6 %

TIP stock opened at $110.45 on Wednesday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.23. The company has a market cap of $14.48 billion, a P/E ratio of 12.43 and a beta of 0.29. The company’s 50-day moving average price is $109.13 and its 200 day moving average price is $108.57.

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).