Archford Capital Strategies LLC Acquires Shares of 20,543 iShares TIPS Bond ETF $TIP

Archford Capital Strategies LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,543 shares of the exchange traded fund’s stock, valued at approximately $2,258,000.

Other hedge funds have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $29,000. Root Financial Partners LLC bought a new stake in iShares TIPS Bond ETF during the third quarter worth $33,000. Abound Wealth Management bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth $41,000. Triumph Capital Management bought a new position in iShares TIPS Bond ETF during the third quarter valued at $51,000. Finally, Vestwell Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.0%

TIP opened at $110.36 on Wednesday. The company has a 50 day moving average of $110.83 and a 200 day moving average of $110.85. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26. The company has a market cap of $13.83 billion, a PE ratio of 12.40 and a beta of 0.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.