Personal CFO Solutions LLC Purchases New Shares in iShares TIPS Bond ETF (NYSEARCA:TIP)

Personal CFO Solutions LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,641 shares of the exchange traded fund’s stock, valued at approximately $388,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $26,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $45,000. GPS Wealth Strategies Group LLC lifted its position in 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 worth $52,000 after purchasing an additional 100 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $57,000.

iShares TIPS Bond ETF Stock Down 0.2 %

TIP opened at $109.46 on Monday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The company has a 50-day simple moving average of $108.01 and a 200 day simple moving average of $108.51.

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).