Signature Wealth Management Group Acquires 725 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Signature Wealth Management Group boosted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 40,328 shares of the exchange traded fund’s stock after purchasing an additional 725 shares during the quarter. iShares TIPS Bond ETF comprises about 1.7% of Signature Wealth Management Group’s portfolio, making the stock its 18th biggest holding. Signature Wealth Management Group’s holdings in iShares TIPS Bond ETF were worth $4,297,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TIP. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth $26,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $45,000. GPS Wealth Strategies Group LLC lifted its position in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $57,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $109.42 on Friday. The company’s 50-day moving average price is $108.31 and its two-hundred day moving average price is $108.53. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The stock has a market capitalization of $14.25 billion, a PE ratio of 12.32 and a beta of 0.28.

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).