Ascent Group LLC Invests $927,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ascent Group LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,678 shares of the exchange traded fund’s stock, valued at approximately $927,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $105,000. Hirtle Callaghan & Co LLC lifted its position in iShares TIPS Bond ETF by 67.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 47,646 shares of the exchange traded fund’s stock worth $5,121,000 after purchasing an additional 19,171 shares during the period. Fairview Capital Investment Management LLC lifted its position in iShares TIPS Bond ETF by 13.1% in the fourth quarter. Fairview Capital Investment Management LLC now owns 48,453 shares of the exchange traded fund’s stock worth $5,208,000 after purchasing an additional 5,619 shares during the period. Exencial Wealth Advisors LLC lifted its position in iShares TIPS Bond ETF by 40.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 31,529 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 9,082 shares during the period. Finally, Morningstar Investment Services LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $425,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $110.47 on Tuesday. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $111.06. The business has a 50 day moving average price of $109.12 and a two-hundred day moving average price of $107.45.

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).