EQ Wealth Advisors LLC Invests $336,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

EQ Wealth Advisors LLC acquired 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 acquired 3,149 shares of the exchange traded fund’s stock, valued at approximately $336,000.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $37,000. Strategic Investment Solutions Inc. IL increased its stake in iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC boosted its position in iShares TIPS Bond ETF by 26.0% in 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 during the period. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 298 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $96,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $108.01 on Monday. The business has a fifty day moving average price of $107.39 and a 200 day moving average price of $108.34. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).