29,316 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Purchased by PKS Advisory Services LLC

PKS Advisory Services LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,316 shares of the exchange traded fund’s stock, valued at approximately $3,124,000. iShares TIPS Bond ETF makes up about 0.8% of PKS Advisory Services LLC’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $30,000. Kestra Investment Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $45,000. Runnymede Capital Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $47,000. Finally, GPS Wealth Strategies Group LLC grew 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 worth $52,000 after purchasing an additional 100 shares in the last quarter.

iShares TIPS Bond ETF Stock Down 0.3 %

iShares TIPS Bond ETF stock opened at $109.82 on Tuesday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The company’s 50 day moving average price is $108.73 and its two-hundred day moving average price is $108.55. The stock has a market cap of $14.30 billion, a P/E ratio of 12.32 and a beta of 0.28.

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).