RCS Financial Planning LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund purchased 57,419 shares of the exchange traded fund’s stock, valued at approximately $5,974,000. iShares TIPS Bond ETF comprises approximately 3.2% of RCS Financial Planning LLC’s portfolio, making the stock its 8th biggest holding.
Other large investors have also recently modified their holdings of the company. TD Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth about $25,000. CX Institutional bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $29,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $35,000. Timbuktu Capital Management LLC purchased a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $52,000. Finally, Realta Investment Advisors raised its stake in iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Stock Performance
TIP traded up $0.26 on Wednesday, reaching $104.82. The company had a trading volume of 1,665,939 shares, compared to its average volume of 2,218,063. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.24. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The business has a 50 day simple moving average of $105.95 and a 200 day simple moving average of $108.41.
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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.
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