Sovran Advisors LLC Buys New Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sovran Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,428 shares of the exchange traded fund’s stock, valued at approximately $471,000.

A number of other hedge funds also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of iShares TIPS Bond ETF by 5.3% during the 4th quarter. Savant Capital LLC now owns 27,695 shares of the exchange traded fund’s stock worth $2,951,000 after purchasing an additional 1,391 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in iShares TIPS Bond ETF by 5.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,944 shares of the exchange traded fund’s stock worth $953,000 after buying an additional 497 shares during the period. Quotient Wealth Partners LLC grew its stake in shares of iShares TIPS Bond ETF by 3.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 394,570 shares of the exchange traded fund’s stock worth $42,041,000 after acquiring an additional 12,055 shares during the last quarter. Archvest Wealth Advisors Inc. grew its stake in shares of iShares TIPS Bond ETF by 2.5% in the fourth quarter. Archvest Wealth Advisors Inc. now owns 14,457 shares of the exchange traded fund’s stock worth $1,540,000 after acquiring an additional 358 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 9.7% in the fourth quarter. Apollon Wealth Management LLC now owns 4,019 shares of the exchange traded fund’s stock worth $428,000 after acquiring an additional 354 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $107.81 on Thursday. 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 fifty day moving average price of $107.40 and a two-hundred day moving average price of $108.40. The company has a market cap of $18.71 billion, a PE ratio of 11.86 and a beta of 0.09.

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).