Cauble & Harre Wealth Management Inc. Invests $709,000 in iShares TIPS Bond ETF $TIP

Cauble & Harre Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,450 shares of the exchange traded fund’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TIP. Woodside Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 167.8% during the 4th 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 during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $28,000. Holos Integrated Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $29,000. Root Financial Partners LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $33,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $34,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.4%

TIP stock opened at $110.61 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The firm’s 50-day simple moving average is $111.01 and its 200 day simple moving average is $110.79. The stock has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27.

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). 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.