Gilliland Jeter Wealth Management LLC Makes New $287,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Gilliland Jeter Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,671 shares of the exchange traded fund’s stock, valued at approximately $287,000.

Other large investors also recently added to or reduced their stakes in the company. Simplicity Solutions LLC raised its position in shares of iShares TIPS Bond ETF by 43.1% in the third quarter. Simplicity Solutions LLC now owns 9,208 shares of the exchange traded fund’s stock valued at $955,000 after buying an additional 2,775 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of iShares TIPS Bond ETF by 14.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 8,821 shares of the exchange traded fund’s stock valued at $915,000 after buying an additional 1,139 shares during the last quarter. Family Firm Inc. raised its position in shares of iShares TIPS Bond ETF by 1.2% in the third quarter. Family Firm Inc. now owns 90,598 shares of the exchange traded fund’s stock valued at $9,397,000 after buying an additional 1,070 shares during the last quarter. Slow Capital Inc. raised its position in shares of iShares TIPS Bond ETF by 9.1% in the third quarter. Slow Capital Inc. now owns 41,746 shares of the exchange traded fund’s stock valued at $4,330,000 after buying an additional 3,483 shares during the last quarter. Finally, Charles Schwab Trust Co raised its position in shares of iShares TIPS Bond ETF by 7.2% in the third quarter. Charles Schwab Trust Co now owns 116,261 shares of the exchange traded fund’s stock valued at $12,059,000 after buying an additional 7,840 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded up $0.27 during mid-day trading on Friday, reaching $105.78. The company’s stock had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. The stock has a 50-day moving average of $106.53 and a two-hundred day moving average of $105.92. The stock has a market capitalization of $18.57 billion, a P/E ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $110.47.

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).