Synergy Asset Management LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Synergy Asset Management LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, Holdings Channel.com reports. The fund bought 9,607 shares of the exchange traded fund’s stock, valued at approximately $1,026,000.

Several other hedge funds also recently bought and sold shares of the company. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $37,000. Strategic Investment Solutions Inc. IL raised its stake in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC lifted its holdings in iShares TIPS Bond ETF by 125.7% in the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $96,000. Finally, Tsfg LLC boosted its stake in iShares TIPS Bond ETF by 8.3% in the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 93 shares during the period.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $107.82 on Thursday. The firm’s 50 day moving average price is $107.38 and its 200-day moving average price is $108.33. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock has a market cap of $18.71 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).