Rialto Wealth Management LLC Makes New $133,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rialto Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,249 shares of the exchange traded fund’s stock, valued at approximately $133,000.

Several other institutional investors also recently made changes to their positions in TIP. Kohmann Bosshard Financial Services LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $30,000. Kestra Investment Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $45,000. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $57,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $109.46 on Friday. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company’s 50 day moving average price is $108.01 and its 200 day moving average price is $108.51.

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).