Greenleaf Trust Takes $378,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Greenleaf Trust bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel reports. The fund bought 3,513 shares of the exchange traded fund’s stock, valued at approximately $378,000.

Other large investors have also modified their holdings of the company. Fortis Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $27,000. Trifecta Capital Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $30,000. Covestor Ltd acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC grew its stake in iShares TIPS Bond ETF by 108.7% during the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of NYSEARCA TIP opened at $105.89 on Wednesday. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $110.88. The business has a 50 day moving average price of $106.56 and a two-hundred day moving average price of $105.91. The firm has a market cap of $18.59 billion, a PE ratio of 11.92 and a beta of 0.09.

iShares TIPS Bond ETF 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).