Beacon Pointe Wealth Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,388 shares of the exchange traded fund’s stock, valued at approximately $263,000.
Other institutional investors have also bought and sold shares of the company. Central Bank & Trust Co. acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $33,000. Destination Wealth Management raised its holdings in shares of iShares TIPS Bond ETF by 147.4% during the 3rd quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock worth $102,000 after buying an additional 547 shares in the last quarter. Amussen Hunsaker Associates LLC acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $105,000. Bell Rock Capital LLC acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $116,000. Finally, Legacy Bridge LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter worth about $120,000.
Shares of TIP opened at $110.61 on Wednesday. iShares TIPS Bond ETF has a 12-month low of $107.53 and a 12-month high of $113.22.
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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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