Forteris Wealth Management Inc. Acquires New Position in iShares TIPS Bond ETF $TIP

Forteris Wealth Management Inc. acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,926 shares of the exchange traded fund’s stock, valued at approximately $1,860,000. iShares TIPS Bond ETF accounts for 1.8% of Forteris Wealth Management Inc.’s portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $834,000. Park Avenue Securities LLC raised its stake in iShares TIPS Bond ETF by 339.0% in the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the period. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after acquiring an additional 4,189,926 shares during the period. Fermata Advisors LLC grew its holdings in iShares TIPS Bond ETF by 16.0% during the 3rd quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after buying an additional 6,514 shares in the last quarter. Finally, Carr Financial Group Corp purchased a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $621,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Down 0.2%

TIP stock opened at $111.19 on Friday. The firm has a market capitalization of $14.30 billion, a PE ratio of 12.40 and a beta of 0.28. iShares TIPS Bond ETF has a twelve month low of $107.98 and a twelve month high of $112.26. The stock has a 50-day simple moving average of $110.99 and a two-hundred day simple moving average of $110.82.

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). 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.