iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Lifted by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 51,300 shares of the exchange traded fund’s stock after buying an additional 1,906 shares during the period. iShares TIPS Bond ETF makes up approximately 1.3% of Cranbrook Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Cranbrook Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $5,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. William B. Walkup & Associates Inc. acquired a new position in iShares TIPS Bond ETF in the second quarter worth $26,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of iShares TIPS Bond ETF by 102.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 204 shares during the period. Sound Income Strategies LLC grew its position in shares of iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 298 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in shares of iShares TIPS Bond ETF by 28.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.0 %

Shares of NYSEARCA TIP opened at $107.18 on Friday. The firm’s 50-day moving average price is $107.44 and its two-hundred day moving average price is $108.27. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The stock has a market capitalization of $18.60 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).