iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Lifted by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,932 shares of the exchange traded fund’s stock after acquiring an additional 576 shares during the period. Kovack Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TIP. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter worth $45,000. GPS Wealth Strategies Group LLC lifted its position in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $82,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $96,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $115,000.

iShares TIPS Bond ETF Stock Down 0.1 %

TIP opened at $109.58 on Friday. The company’s 50-day moving average price is $107.59 and its 200 day moving average price is $108.45. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 12.25 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).