Physician Wealth Advisors Inc. Buys Shares of 591 iShares TIPS Bond ETF (NYSEARCA:TIP)

Physician Wealth Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 591 shares of the exchange traded fund’s stock, valued at approximately $63,000.

A number of other institutional investors have also modified their holdings of TIP. JPMorgan Chase & Co. boosted its position in iShares TIPS Bond ETF by 1.8% in the 3rd 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 during the period. Rock Creek Group LP boosted its holdings in iShares TIPS Bond ETF by 0.7% in the fourth quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock valued at $294,537,000 after purchasing an additional 18,908 shares during the period. Sumitomo Life Insurance Co. increased its holdings in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares during the period. Assetmark Inc. raised its position in iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of iShares TIPS Bond ETF by 5.0% in the 4th quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock valued at $117,620,000 after buying an additional 52,479 shares during the period.

iShares TIPS Bond ETF Stock Up 0.4 %

Shares of NYSEARCA:TIP opened at $111.09 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.23. The firm’s 50 day moving average price is $109.07 and its 200 day moving average price is $108.57. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29.

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).