Strive Asset Management LLC Invests $881,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Strive Asset Management LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, Holdings Channel reports. The fund purchased 8,269 shares of the exchange traded fund’s stock, valued at approximately $881,000.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Transce3nd LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Mainstream Capital Management LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at $30,000. Biltmore Family Office LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter worth $32,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $40,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $108.88 on Friday. The stock has a market capitalization of $13.85 billion, a PE ratio of 12.40 and a beta of 0.29. iShares TIPS Bond ETF has a one year low of $104.69 and a one year high of $111.51. The business’s fifty day moving average price is $109.43 and its 200-day moving average price is $108.47.

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).