174,587 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 174,587 shares of the exchange traded fund’s stock, valued at approximately $18,602,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL increased its stake 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 purchasing an additional 204 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of 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 purchasing an additional 100 shares during the period. Sound Income Strategies LLC boosted its holdings in iShares TIPS Bond ETF by 125.7% in the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth $96,000.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of iShares TIPS Bond ETF stock opened at $108.44 on Friday. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock’s 50-day simple moving average is $107.41 and its 200-day simple moving average is $108.35. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06.

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).