Strategic Financial Concepts LLC Buys Shares of 26,078 iShares TIPS Bond ETF (NYSEARCA:TIP)

Strategic Financial Concepts LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,078 shares of the exchange traded fund’s stock, valued at approximately $2,779,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TIP. Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth $37,000. Strategic Investment Solutions Inc. IL lifted its position in iShares TIPS Bond ETF by 102.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $96,000. Finally, Centaurus Financial Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $169,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $108.61 on Monday. The business has a 50 day simple moving average of $107.37 and a 200-day simple moving average of $108.41. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock has a market capitalization of $18.84 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).