Independent Financial Group LLC Makes New $3.65 Million Investment in iShares TIPS Bond ETF $TIP

Independent Financial Group LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,051 shares of the exchange traded fund’s stock, valued at approximately $3,648,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $25,000. Woodside Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $28,000. Finally, Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $29,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $108.27 on Friday. The stock has a market cap of $14.55 billion, a PE ratio of 12.40 and a beta of 0.26. The stock’s fifty day moving average is $109.52 and its two-hundred day moving average is $110.36. iShares TIPS Bond ETF has a 1-year low of $107.82 and a 1-year high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.