Bleakley Financial Group LLC Acquires Shares of 2,438 iShares TIPS Bond ETF (NYSEARCA:TIP)

Bleakley Financial Group LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,438 shares of the exchange traded fund’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. Coppell Advisory Solutions Corp. purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $26,000. Fortis Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $27,000. Fortis Capital Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $28,000. Life Planning Partners Inc acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $30,000. Finally, Covestor Ltd acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $33,000.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of NYSEARCA TIP opened at $105.78 on Tuesday. The company’s 50-day simple moving average is $106.64 and its 200-day simple moving average is $105.78. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $110.88. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09.

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).