Diversify Advisory Services LLC Buys 1,131 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Diversify Advisory Services LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 23.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,869 shares of the exchange traded fund’s stock after buying an additional 1,131 shares during the period. Diversify Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $26,000. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth $37,000. Strategic Investment Solutions Inc. IL grew its position in shares of 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 worth $45,000 after buying an additional 204 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 298 shares during the period. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of iShares TIPS Bond ETF by 28.5% in the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after acquiring an additional 194 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $107.26 on Wednesday. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $107.39 and its two-hundred day moving average is $108.31. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year 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).