Verger Capital Management LLC Has $6.96 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Verger Capital Management LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,744 shares of the exchange traded fund’s stock after purchasing an additional 11,388 shares during the period. iShares TIPS Bond ETF makes up approximately 3.9% of Verger Capital Management LLC’s holdings, making the stock its 9th biggest position. Verger Capital Management LLC’s holdings in iShares TIPS Bond ETF were worth $6,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $26,000. Fortis Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $27,000. Fortis Capital Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $28,000. Finally, Life Planning Partners Inc bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $30,000.

iShares TIPS Bond ETF Stock Down 0.3 %

NYSEARCA TIP traded down $0.34 on Tuesday, hitting $105.44. The stock had a trading volume of 4,094,593 shares, compared to its average volume of 2,217,089. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.88. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. The company’s 50-day moving average is $106.64 and its two-hundred day moving average is $105.78.

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).