Axxcess Wealth Management LLC Increases Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Axxcess Wealth Management LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 108.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,731 shares of the exchange traded fund’s stock after buying an additional 26,952 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $5,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortis Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the third quarter worth $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $27,000. Life Planning Partners Inc bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at about $30,000. Covestor Ltd purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $33,000. Finally, Sound Income Strategies LLC grew its stake in iShares TIPS Bond ETF by 108.7% in the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.5 %

Shares of iShares TIPS Bond ETF stock traded up $0.54 on Friday, hitting $105.93. 2,388,261 shares of the company traded hands, compared to its average volume of 2,200,094. The company has a market cap of $18.38 billion, a PE ratio of 11.86 and a beta of 0.09. The stock’s 50 day moving average price is $106.48 and its 200-day moving average price is $105.98. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $110.47.

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).