iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Bought by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,731 shares of the exchange traded fund’s stock after acquiring an additional 620 shares during the period. iShares TIPS Bond ETF comprises approximately 0.3% of Cannon Financial Strategists Inc.’s holdings, making the stock its 25th biggest position. Cannon Financial Strategists Inc.’s holdings in iShares TIPS Bond ETF were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TIP. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in iShares TIPS Bond ETF during the 3rd quarter worth $335,000. Calton & Associates Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 5.8% in the 3rd quarter. Calton & Associates Inc. now owns 13,795 shares of the exchange traded fund’s stock valued at $1,524,000 after buying an additional 754 shares during the period. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $37,000. International Assets Investment Management LLC boosted its holdings 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 valued at $44,412,000 after buying an additional 398,292 shares during the period. Finally, JMG Financial Group Ltd. boosted its holdings in shares of iShares TIPS Bond ETF by 17.1% in the 3rd quarter. JMG Financial Group Ltd. now owns 3,822 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 559 shares during the period.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $108.26 on Wednesday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company has a 50-day simple moving average of $107.37 and a 200-day simple moving average of $108.42. The firm has a market capitalization of $18.78 billion, a PE ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF 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).