HighTower Advisors LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 79.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,055 shares of the exchange traded fund’s stock after acquiring an additional 123,037 shares during the quarter. HighTower Advisors LLC owned approximately 0.16% of iShares TIPS Bond ETF worth $29,627,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in TIP. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $26,000. Mainstream Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth $30,000. Kestra Investment Management LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC boosted its position in 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 worth $52,000 after acquiring an additional 100 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth $57,000.
iShares TIPS Bond ETF Stock Performance
TIP opened at $109.42 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The stock’s fifty day moving average is $108.31 and its 200-day moving average is $108.53. The company has a market capitalization of $14.25 billion, a PE ratio of 12.32 and a beta of 0.28.
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).
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