Wealthfront Advisers LLC Invests $76.53 Million in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wealthfront Advisers LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 718,286 shares of the exchange traded fund’s stock, valued at approximately $76,533,000. Wealthfront Advisers LLC owned about 0.41% of iShares TIPS Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sigma Planning Corp lifted its stake in iShares TIPS Bond ETF by 1.2% in the third quarter. Sigma Planning Corp now owns 35,547 shares of the exchange traded fund’s stock valued at $3,927,000 after purchasing an additional 405 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $201,000. Baker Avenue Asset Management LP raised its holdings in iShares TIPS Bond ETF by 10.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 2,845 shares of the exchange traded fund’s stock valued at $314,000 after acquiring an additional 271 shares during the period. Tyler Stone Wealth Management raised its holdings in iShares TIPS Bond ETF by 95.8% during the 3rd quarter. Tyler Stone Wealth Management now owns 2,303 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 1,127 shares during the period. Finally, TRU Independence Asset Management 2 LLC bought a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $442,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.95 on Tuesday. The company’s fifty day simple moving average is $108.08 and its two-hundred day simple moving average is $108.52. 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 capitalization of $14.07 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).