Fortress Financial Solutions LLC Purchases Shares of 2,329 iShares TIPS Bond ETF (NYSEARCA:TIP)

Fortress Financial Solutions LLC acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,329 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Other large investors also recently modified their holdings of the company. Tsfg LLC increased its stake in iShares TIPS Bond ETF by 8.3% in the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock valued at $134,000 after buying an additional 93 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in shares of iShares TIPS Bond ETF by 0.6% during the third quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock valued at $1,769,000 after acquiring an additional 100 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 100 shares during the last quarter. First United Bank & Trust lifted its holdings in iShares TIPS Bond ETF by 3.2% during the third quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 108 shares during the period. Finally, FC Advisory LLC boosted its position in iShares TIPS Bond ETF by 2.0% in the fourth quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 110 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $108.46 on Wednesday. The firm has a market cap of $18.82 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock has a fifty day moving average price of $107.40 and a 200-day moving average price of $108.39.

About iShares TIPS Bond ETF

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).