Archer Investment Corp Raises Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Archer Investment Corp grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,993 shares of the exchange traded fund’s stock after buying an additional 724 shares during the period. Archer Investment Corp’s holdings in iShares TIPS Bond ETF were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TIP. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the third quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC increased its position 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 last quarter. Sound Income Strategies LLC increased its position in shares of iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $96,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $108.73 on Friday. The firm has a 50-day simple moving average of $107.41 and a two-hundred day simple moving average of $108.35. The stock has a market cap of $18.86 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.

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).