Kestra Investment Management LLC Makes New $45,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 423 shares of the exchange traded fund’s stock, valued at approximately $45,000.

A number of other institutional investors have also recently added to or reduced their stakes in TIP. GenTrust LLC increased its holdings in shares of iShares TIPS Bond ETF by 0.9% in the third quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock valued at $21,670,000 after buying an additional 1,804 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after buying an additional 398,292 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 167.4% in the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after buying an additional 3,183 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of iShares TIPS Bond ETF by 17.9% in the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock valued at $15,818,000 after buying an additional 21,755 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $108.92 on Friday. The stock has a market capitalization of $18.90 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The business’s fifty day moving average is $107.38 and its two-hundred day moving average is $108.41.

iShares TIPS Bond ETF Company 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).