PKS Advisory Services LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 29,316 shares of the exchange traded fund’s stock, valued at approximately $3,124,000. iShares TIPS Bond ETF comprises 0.8% of PKS Advisory Services LLC’s portfolio, making the stock its 24th biggest holding.
Several other large investors also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $26,000. Mainstream Capital Management LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $45,000. Runnymede Capital Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $47,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of 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 valued at $52,000 after buying an additional 100 shares in the last quarter.
iShares TIPS Bond ETF Trading Down 0.3 %
TIP opened at $109.82 on Tuesday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The company has a market cap of $14.30 billion, a PE ratio of 12.32 and a beta of 0.28. The company has a 50 day moving average of $108.73 and a 200 day moving average of $108.55.
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).
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