J.Safra Asset Management Corp Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

J.Safra Asset Management Corp bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,535 shares of the exchange traded fund’s stock, valued at approximately $377,000.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. Mainstream Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at $30,000. Kestra Investment Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at $45,000. GPS Wealth Strategies Group LLC increased its position in shares of 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 valued at $52,000 after purchasing an additional 100 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $82,000.

iShares TIPS Bond ETF Stock Down 0.4 %

NYSEARCA:TIP opened at $110.25 on Wednesday. The business’s 50-day moving average price is $107.83 and its 200 day moving average price is $108.49. The firm has a market cap of $14.11 billion, a P/E ratio of 12.25 and a beta of 0.26. 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).