iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.0% in the fourth quarter, Holdings Channel reports. The firm owned 7,181 shares of the exchange traded fund’s stock after purchasing an additional 1,700 shares during the period. Diversify Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TIP. LVW Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $1,438,000. J2 Capital Management Inc purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $3,853,000. Financial & Tax Architects LLC increased its holdings in iShares TIPS Bond ETF by 3.3% in the 4th quarter. Financial & Tax Architects LLC now owns 62,916 shares of the exchange traded fund’s stock worth $6,704,000 after buying an additional 1,991 shares during the period. Cranbrook Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 3.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 51,300 shares of the exchange traded fund’s stock worth $5,466,000 after buying an additional 1,906 shares during the period. Finally, Merit Financial Group LLC raised its position in 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.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.26 on Wednesday. The company has a market capitalization of $18.61 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The firm’s fifty day simple moving average is $107.39 and its 200-day simple moving average is $108.31.

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).