Professional Financial Advisors LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Professional Financial Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, Holdings Channel reports. The fund purchased 2,151 shares of the exchange traded fund’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. First National Corp MA ADV raised its stake in iShares TIPS Bond ETF by 75.1% in the fourth quarter. First National Corp MA ADV now owns 7,139 shares of the exchange traded fund’s stock worth $767,000 after buying an additional 3,061 shares in the last quarter. Planned Solutions Inc. acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth $875,000. IFG Advisory LLC increased its position in shares of iShares TIPS Bond ETF by 24.2% during the fourth quarter. IFG Advisory LLC now owns 6,057 shares of the exchange traded fund’s stock worth $651,000 after purchasing an additional 1,180 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 60,987 shares of the exchange traded fund’s stock worth $6,555,000 after purchasing an additional 930 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth $14,339,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock traded up $0.04 during trading hours on Thursday, reaching $107.41. 689,596 shares of the company’s stock were exchanged, compared to its average volume of 2,123,460. The stock’s 50 day moving average is $106.75 and its 200-day moving average is $105.59. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.26.

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).