Transamerica Financial Advisors Inc. Acquires 35,861 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Transamerica Financial Advisors Inc. lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 23,286.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,015 shares of the exchange traded fund’s stock after purchasing an additional 35,861 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $3,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth about $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $45,000. Runnymede Capital Advisors Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $47,000. Finally, GPS Wealth Strategies Group LLC lifted its position in 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 purchasing an additional 100 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $110.65 on Friday. The stock has a 50-day simple moving average of $108.99 and a two-hundred day simple moving average of $108.58. The firm has a market capitalization of $14.41 billion, a PE ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).