Washington Trust Advisors Inc. Buys Shares of 536 iShares TIPS Bond ETF (NYSEARCA:TIP)

Washington Trust Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 536 shares of the exchange traded fund’s stock, valued at approximately $57,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $30,000. Kestra Investment Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC raised its stake in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $82,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $109.64 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The stock’s fifty day moving average is $107.95 and its 200-day moving average is $108.51. The company has a market capitalization of $14.03 billion, a PE ratio of 12.25 and a beta of 0.26.

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).