3,535 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by J.Safra Asset Management Corp

J.Safra Asset Management Corp bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, Holdings Channel reports. The fund bought 3,535 shares of the exchange traded fund’s stock, valued at approximately $377,000.

Other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $30,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $45,000. GPS Wealth Strategies Group LLC increased its position in shares of iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 100 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $82,000.

iShares TIPS Bond ETF Trading Down 0.4 %

Shares of TIP stock opened at $110.25 on Wednesday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The stock’s fifty day simple moving average is $107.83 and its 200-day simple moving average is $108.49.

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).