Miracle Mile Advisors LLC Acquires 2,153 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Miracle Mile Advisors LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,292 shares of the exchange traded fund’s stock after acquiring an additional 2,153 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $5,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter worth $26,000. Eastern Bank acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $37,000. Strategic Investment Solutions Inc. IL raised its stake in shares of iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 204 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of iShares TIPS Bond ETF by 125.7% in the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 298 shares during the period. Finally, Abich Financial Wealth Management LLC grew its holdings in iShares TIPS Bond ETF by 28.5% during the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $93,000 after acquiring an additional 194 shares during the period.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock remained flat at $106.22 during midday trading on Monday. 1,671,766 shares of the company were exchanged, compared to its average volume of 3,656,767. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The business has a 50-day moving average of $107.55 and a two-hundred day moving average of $108.30. The company has a market capitalization of $18.43 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).