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

Gilliland Jeter Wealth Management LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,671 shares of the exchange traded fund’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baldwin Brothers LLC MA lifted its stake in shares of iShares TIPS Bond ETF by 19.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 320,432 shares of the exchange traded fund’s stock worth $34,443,000 after buying an additional 51,104 shares in the last quarter. Frontier Asset Management LLC lifted its stake in shares of iShares TIPS Bond ETF by 10.6% in the third quarter. Frontier Asset Management LLC now owns 113,770 shares of the exchange traded fund’s stock worth $11,800,000 after buying an additional 10,890 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF by 10.0% in the third quarter. Wealthspire Advisors LLC now owns 5,027 shares of the exchange traded fund’s stock worth $521,000 after buying an additional 456 shares in the last quarter. Ellis Investment Partners LLC lifted its stake in shares of iShares TIPS Bond ETF by 0.6% in the third quarter. Ellis Investment Partners LLC now owns 30,989 shares of the exchange traded fund’s stock worth $3,214,000 after buying an additional 199 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of iShares TIPS Bond ETF by 86.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,354 shares of the exchange traded fund’s stock worth $468,000 after buying an additional 2,014 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.3 %

Shares of NYSEARCA TIP traded up $0.27 during midday trading on Friday, hitting $105.78. The stock had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. The company has a market cap of $18.57 billion, a P/E ratio of 11.92 and a beta of 0.09. The business’s 50 day moving average is $106.53 and its 200-day moving average is $105.92. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $110.47.

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).