Summit Financial Strategies Inc. Acquires New Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Summit Financial Strategies Inc. purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,884 shares of the exchange traded fund’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TIP. Tsfg LLC raised its holdings in iShares TIPS Bond ETF by 8.3% in the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC lifted its position in iShares TIPS Bond ETF by 0.6% in the third quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after purchasing an additional 100 shares during the period. Regal Investment Advisors LLC boosted its stake in iShares TIPS Bond ETF by 2.0% during the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after buying an additional 108 shares in the last quarter. First United Bank & Trust increased its holdings in iShares TIPS Bond ETF by 3.2% in the 3rd quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 108 shares during the period. Finally, FC Advisory LLC raised its stake in shares of iShares TIPS Bond ETF by 2.0% in the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after buying an additional 110 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

Shares of TIP opened at $107.43 on Monday. The stock has a 50 day simple moving average of $107.38 and a 200-day simple moving average of $108.32. The stock has a market cap of $18.64 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06.

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).