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

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of iShares TIPS Bond ETF by 1.8% during 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 acquiring an additional 51,713 shares during the last quarter. Sterling Financial Planning Inc. grew its stake in shares of iShares TIPS Bond ETF by 70.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $2,664,000 after buying an additional 10,345 shares during the period. Merit Financial Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 167.4% during the 4th quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after buying an additional 3,183 shares during the last quarter. M&T Bank Corp raised its position in shares of iShares TIPS Bond ETF by 7.1% during the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after buying an additional 2,993 shares during the period. Finally, SigFig Wealth Management LLC lifted its holdings in iShares TIPS Bond ETF by 5.5% in the fourth quarter. SigFig Wealth Management LLC now owns 28,760 shares of the exchange traded fund’s stock valued at $3,060,000 after acquiring an additional 1,491 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.4 %

TIP stock opened at $111.09 on Tuesday. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.23. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. The business has a fifty day moving average of $109.07 and a two-hundred day moving average of $108.57.

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).