6,302 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by Rik Saylor Financial Inc.

Rik Saylor Financial Inc. purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,302 shares of the exchange traded fund’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL lifted its position 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 acquiring an additional 204 shares during the period. GPS Wealth Strategies Group LLC lifted its position in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 100 shares during the period. Sound Income Strategies LLC lifted its position in iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $96,000.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $108.92 on Thursday. The firm has a 50 day moving average price of $107.40 and a 200-day moving average price of $108.35. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The firm has a market capitalization of $18.90 billion, a price-to-earnings 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).