Pines Wealth Management LLC Buys Shares of 5,413 iShares TIPS Bond ETF (NYSEARCA:TIP)

Pines Wealth Management LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,413 shares of the exchange traded fund’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also modified their holdings of TIP. FMR LLC lifted its stake in iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in iShares TIPS Bond ETF during the third quarter worth about $102,200,000. International Assets Investment Management LLC lifted its position in shares of iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $24,990,000. Finally, Invst LLC grew its holdings in shares of iShares TIPS Bond ETF by 2,678.4% in the second quarter. Invst LLC now owns 205,716 shares of the exchange traded fund’s stock valued at $21,789,000 after purchasing an additional 198,312 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.0 %

Shares of TIP opened at $106.26 on Wednesday. The company has a market cap of $18.44 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm’s 50 day moving average price is $107.48 and its 200 day moving average price is $108.29.

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).