Archer Investment Management LLC Buys New Stake in iShares TIPS Bond ETF $TIP

Archer Investment Management LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 73,104 shares of the exchange traded fund’s stock, valued at approximately $8,131,000. iShares TIPS Bond ETF makes up 5.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 7th biggest position. Archer Investment Management LLC owned about 0.06% of iShares TIPS Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIP. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF during the second quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $28,000. Grove Bank & Trust bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $31,000. ST Germain D J Co. Inc. grew its stake in shares of iShares TIPS Bond ETF by 160.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $36,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.2%

TIP opened at $110.50 on Friday. The firm has a market cap of $14.03 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a fifty day simple moving average of $111.07 and a 200-day simple moving average of $110.49. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26.

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).