Estate Counselors LLC Invests $6.02 Million in iShares TIPS Bond ETF $TIP

Estate Counselors LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,555 shares of the exchange traded fund’s stock, valued at approximately $6,021,000. iShares TIPS Bond ETF comprises about 0.5% of Estate Counselors LLC’s holdings, making the stock its 27th biggest position.

Other institutional investors have also recently made changes to their positions in the company. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $25,000. Woodside Wealth Management LLC boosted its stake in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.39 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $107.39 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.51 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock’s fifty day moving average is $109.13 and its two-hundred day moving average is $110.26.

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.