Dynasty Wealth Management LLC Buys Shares of 398,524 iShares TIPS Bond ETF (NYSEARCA:TIP)

Dynasty Wealth Management LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 398,524 shares of the exchange traded fund’s stock, valued at approximately $42,463,000.

A number of other large investors have also modified their holdings of TIP. Valmark Advisers Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 15.5% in the 3rd quarter. Valmark Advisers Inc. now owns 4,082 shares of the exchange traded fund’s stock valued at $451,000 after purchasing an additional 547 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in iShares TIPS Bond ETF by 2.3% in the third quarter. Pinnacle Associates Ltd. now owns 9,506 shares of the exchange traded fund’s stock valued at $1,022,000 after acquiring an additional 217 shares during the period. Stephenson & Company Inc. grew its position in iShares TIPS Bond ETF by 7.2% during the third quarter. Stephenson & Company Inc. now owns 28,465 shares of the exchange traded fund’s stock worth $3,145,000 after buying an additional 1,900 shares during the period. Fiducient Advisors LLC raised its holdings in iShares TIPS Bond ETF by 6.0% during the third quarter. Fiducient Advisors LLC now owns 11,598 shares of the exchange traded fund’s stock worth $1,281,000 after purchasing an additional 661 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $235,000.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.58 on Friday. The firm has a market cap of $14.03 billion, a P/E ratio of 12.25 and a beta of 0.26. The stock’s 50 day moving average price is $107.59 and its 200 day moving average price is $108.45. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year 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).