Schechter Investment Advisors LLC Acquires 171 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Schechter Investment Advisors LLC increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,179 shares of the exchange traded fund’s stock after buying an additional 171 shares during the period. Schechter Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $6,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIP. Kohmann Bosshard Financial Services LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $45,000. GPS Wealth Strategies Group LLC increased its holdings in shares of 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 acquiring an additional 100 shares during the period. Centricity Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $82,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $96,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.34 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The stock’s 50-day simple moving average is $107.67 and its 200-day simple moving average is $108.46.

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).