Wallace Advisory Group LLC Has $1.77 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wallace Advisory Group LLC lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 85.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,025 shares of the exchange traded fund’s stock after acquiring an additional 7,366 shares during the period. iShares TIPS Bond ETF accounts for about 1.2% of Wallace Advisory Group LLC’s portfolio, making the stock its 14th biggest position. Wallace Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,770,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in iShares TIPS Bond ETF during the second quarter valued at approximately $26,000. Eastern Bank acquired a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL grew its holdings in iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC grew its holdings in iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares during the period. Finally, Abich Financial Wealth Management LLC grew its holdings in iShares TIPS Bond ETF by 28.5% during the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 194 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $106.22 on Tuesday. The stock has a market cap of $18.43 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm has a 50 day moving average price of $107.52 and a 200 day moving average price of $108.29. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).