Godsey & Gibb Inc. Purchases New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Godsey & Gibb Inc. purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, HoldingsChannel.com reports. The firm purchased 262 shares of the exchange traded fund’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TIP. Tidal Investments LLC grew its position in shares of iShares TIPS Bond ETF by 0.7% during the 4th quarter. Tidal Investments LLC now owns 17,017 shares of the exchange traded fund’s stock worth $1,813,000 after purchasing an additional 112 shares in the last quarter. Evexia Wealth LLC lifted its stake in iShares TIPS Bond ETF by 2.9% in the 1st quarter. Evexia Wealth LLC now owns 4,056 shares of the exchange traded fund’s stock valued at $443,000 after purchasing an additional 113 shares during the last quarter. Invesco Ltd. lifted its stake in iShares TIPS Bond ETF by 2.7% in the 4th quarter. Invesco Ltd. now owns 4,343 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 116 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in iShares TIPS Bond ETF by 4.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 2,961 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 116 shares during the last quarter. Finally, Clear Investment Research LLC lifted its stake in iShares TIPS Bond ETF by 2.2% in the 4th quarter. Clear Investment Research LLC now owns 6,114 shares of the exchange traded fund’s stock valued at $652,000 after purchasing an additional 130 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $108.07 on Friday. The company has a fifty day moving average price of $109.03 and a 200-day moving average price of $108.55. The company has a market capitalization of $13.76 billion, a P/E ratio of 12.40 and a beta of 0.28. iShares TIPS Bond ETF has a 52-week low of $105.85 and a 52-week high of $111.51.

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).