Octavia Wealth Advisors LLC Makes New $400,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Octavia Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,722 shares of the exchange traded fund’s stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of iShares TIPS Bond ETF by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock worth $578,524,000 after buying an additional 835,933 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 179.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after purchasing an additional 3,232,628 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after purchasing an additional 148,842 shares during the last quarter. Rock Creek Group LP raised its holdings in shares of iShares TIPS Bond ETF by 1,992.9% during the third quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after purchasing an additional 2,624,661 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares TIPS Bond ETF by 37.7% during the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock worth $223,520,000 after purchasing an additional 589,881 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $105.44 on Wednesday. The firm has a fifty day moving average price of $106.61 and a 200 day moving average price of $105.79. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.88. The stock has a market cap of $18.51 billion, a PE ratio of 11.92 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).