IFP Advisors Inc Boosts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

IFP Advisors Inc lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 285.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,102 shares of the exchange traded fund’s stock after buying an additional 23,780 shares during the period. IFP Advisors Inc’s holdings in iShares TIPS Bond ETF were worth $3,420,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $45,000. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the last quarter. Centricity Wealth Management LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $82,000. Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $96,000. Finally, Bank of Jackson Hole Trust bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $115,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $109.16 on Tuesday. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The business’s fifty day moving average price is $107.43 and its 200-day moving average price is $108.43.

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).