Independent Advisor Alliance Buys New Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Independent Advisor Alliance purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,011 shares of the exchange traded fund’s stock, valued at approximately $1,173,000.

A number of other institutional investors also recently bought and sold shares of TIP. FMR LLC raised its position in shares of 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. Assetmark Inc. raised its holdings in iShares TIPS Bond ETF by 1,852.1% during the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after buying an additional 536,610 shares during the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $42,463,000. Finally, Raymond James Financial Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $37,033,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $109.42 on Friday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The firm has a market capitalization of $14.25 billion, a P/E ratio of 12.32 and a beta of 0.28. The company’s fifty day moving average price is $108.31 and its 200 day moving average price is $108.53.

iShares TIPS Bond ETF Company 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).