OFC Financial Planning LLC Invests $202,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

OFC Financial Planning LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,900 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Eastern Bank acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter worth about $37,000. Strategic Investment Solutions Inc. IL boosted its position in shares of iShares TIPS Bond ETF by 102.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 204 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 298 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $96,000. Finally, Tsfg LLC increased its position in iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 93 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of TIP opened at $108.01 on Friday. The firm has a market cap of $18.74 billion, a PE ratio of 11.86 and a beta of 0.09. The company’s fifty day moving average is $107.39 and its two-hundred day moving average is $108.33. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week 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).