Tyche Wealth Partners LLC Buys New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Tyche Wealth Partners LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,616 shares of the exchange traded fund’s stock, valued at approximately $1,034,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Meritas Wealth Management LLC grew its stake in iShares TIPS Bond ETF by 1.8% in the third quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 100 shares during the period. Cedar Brook Financial Partners LLC grew its stake in iShares TIPS Bond ETF by 0.8% in the third quarter. Cedar Brook Financial Partners LLC now owns 12,742 shares of the exchange traded fund’s stock worth $1,322,000 after purchasing an additional 101 shares during the period. Bragg Financial Advisors Inc grew its stake in iShares TIPS Bond ETF by 0.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 17,600 shares of the exchange traded fund’s stock worth $1,873,000 after purchasing an additional 101 shares during the period. Gradient Investments LLC grew its stake in iShares TIPS Bond ETF by 15.6% in the third quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 103 shares during the period. Finally, AlphaCore Capital LLC grew its stake in iShares TIPS Bond ETF by 5.9% in the third quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock worth $193,000 after purchasing an additional 103 shares during the period.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of NYSEARCA TIP traded down $0.34 during trading on Tuesday, reaching $105.44. The company had a trading volume of 4,094,593 shares, compared to its average volume of 2,217,089. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.88. The stock has a market cap of $18.51 billion, a PE ratio of 11.92 and a beta of 0.09. The business’s 50-day moving average is $106.64 and its 200 day moving average is $105.78.

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).