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

Fairway Wealth LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,622 shares of the exchange traded fund’s stock after buying an additional 199 shares during the period. iShares TIPS Bond ETF accounts for about 0.4% of Fairway Wealth LLC’s holdings, making the stock its 29th largest holding. Fairway Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth $30,000. Kestra Investment Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC grew its position in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.95 on Tuesday. 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 50-day simple moving average of $108.08 and a 200-day simple moving average of $108.52. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).