iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.5% in the fourth quarter, Holdings Channel reports. The fund owned 145,520 shares of the exchange traded fund’s stock after acquiring an additional 10,180 shares during the period. iShares TIPS Bond ETF accounts for 2.0% of Ethos Financial Group LLC’s investment portfolio, making the stock its 10th biggest holding. Ethos Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $15,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIP. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $26,000. Mainstream Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $30,000. Kestra Investment Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $45,000. GPS Wealth Strategies Group LLC raised its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.69 on Thursday. The company has a 50-day simple moving average of $107.89 and a 200-day simple moving average of $108.50. The firm has a market capitalization of $14.04 billion, a P/E ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06.

iShares TIPS Bond ETF 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).