Foundations Investment Advisors LLC Buys 1,027 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Foundations Investment Advisors LLC boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,259 shares of the exchange traded fund’s stock after purchasing an additional 1,027 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after buying an additional 3,608,542 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares during the last quarter. Sumitomo Life Insurance Co. acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth $102,200,000. Cetera Investment Advisers lifted its holdings in shares of iShares TIPS Bond ETF by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock valued at $47,406,000 after purchasing an additional 21,268 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $107.82 on Thursday. The stock’s fifty day moving average price is $107.38 and its 200 day moving average price is $108.33. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).