Destination Wealth Management Acquires 1,080 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Destination Wealth Management increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 48.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,318 shares of the exchange traded fund’s stock after buying an additional 1,080 shares during the quarter. Destination Wealth Management’s holdings in iShares TIPS Bond ETF were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TIP. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $26,000. Mainstream Capital Management LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $30,000. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $45,000. GPS Wealth Strategies Group LLC raised its position in 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 valued at $52,000 after purchasing an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $57,000.

iShares TIPS Bond ETF Trading Down 0.2 %

iShares TIPS Bond ETF stock opened at $109.46 on Friday. The company has a market capitalization of $14.01 billion, a PE ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock has a 50-day moving average price of $108.01 and a two-hundred day moving average price of $108.51.

iShares TIPS Bond ETF Company 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).