Strategic Financial Concepts LLC Invests $18.60 Million in iShares TIPS Bond ETF (NYSEARCA:TIP)

Strategic Financial Concepts LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 174,587 shares of the exchange traded fund’s stock, valued at approximately $18,602,000. Strategic Financial Concepts LLC owned about 0.10% of iShares TIPS Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rik Saylor Financial Inc. bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $672,000. Buck Wealth Strategies LLC boosted its stake in shares of iShares TIPS Bond ETF by 57.9% in the 4th quarter. Buck Wealth Strategies LLC now owns 100,532 shares of the exchange traded fund’s stock worth $10,712,000 after buying an additional 36,875 shares during the last quarter. Tranquilli Financial Advisor LLC grew its holdings in shares of iShares TIPS Bond ETF by 5.8% in the fourth quarter. Tranquilli Financial Advisor LLC now owns 4,932 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 269 shares during the period. Alliance Wealth Advisors LLC UT increased its position in iShares TIPS Bond ETF by 58.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 57,455 shares of the exchange traded fund’s stock valued at $6,122,000 after acquiring an additional 21,297 shares during the last quarter. Finally, Marshall Financial Group Inc. ADV lifted its holdings in iShares TIPS Bond ETF by 6.6% in the fourth quarter. Marshall Financial Group Inc. ADV now owns 10,424 shares of the exchange traded fund’s stock valued at $1,111,000 after acquiring an additional 641 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.44 on Friday. The stock’s 50-day simple moving average is $107.41 and its two-hundred day simple moving average is $108.35. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).