SlateStone Wealth LLC Purchases Shares of 2,738 iShares TIPS Bond ETF (NYSEARCA:TIP)

SlateStone Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,738 shares of the exchange traded fund’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. RWA Wealth Partners LLC grew its stake in shares of iShares TIPS Bond ETF by 395.0% in the 4th quarter. RWA Wealth Partners LLC now owns 18,036 shares of the exchange traded fund’s stock worth $1,939,000 after acquiring an additional 14,392 shares in the last quarter. Stephenson & Company Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $2,489,000. Greenleaf Trust bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $378,000. Wheelhouse Advisory Group LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $283,000. Finally, Davidson Trust Co. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $231,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP traded up $0.11 during trading on Tuesday, hitting $105.90. The stock had a trading volume of 1,789,931 shares, compared to its average volume of 2,188,221. The firm has a fifty day moving average of $106.56 and a two-hundred day moving average of $105.88. The company has a market capitalization of $18.60 billion, a PE ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $110.88.

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).