Rather & Kittrell Inc. Boosts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rather & Kittrell Inc. lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 143.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,910 shares of the exchange traded fund’s stock after acquiring an additional 32,974 shares during the period. iShares TIPS Bond ETF accounts for about 2.1% of Rather & Kittrell Inc.’s investment portfolio, making the stock its 14th largest position. Rather & Kittrell Inc.’s holdings in iShares TIPS Bond ETF were worth $6,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TIP. Meritas Wealth Management LLC grew its position in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock valued at $587,000 after buying an additional 100 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of iShares TIPS Bond ETF by 15.6% during the third quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 103 shares during the last quarter. AlphaCore Capital LLC raised its position in shares of iShares TIPS Bond ETF by 5.9% during the 3rd quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock worth $193,000 after purchasing an additional 103 shares during the period. Welch & Forbes LLC raised its position in shares of iShares TIPS Bond ETF by 0.4% during the 3rd quarter. Welch & Forbes LLC now owns 26,805 shares of the exchange traded fund’s stock worth $2,780,000 after purchasing an additional 104 shares during the period. Finally, Fortune Financial Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 0.5% in the 3rd quarter. Fortune Financial Advisors LLC now owns 19,823 shares of the exchange traded fund’s stock worth $2,056,000 after purchasing an additional 107 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded up $0.27 during trading hours on Friday, reaching $105.78. The stock had a trading volume of 1,382,551 shares, compared to its average volume of 2,184,771. The firm has a market capitalization of $18.57 billion, a PE ratio of 11.92 and a beta of 0.09. The firm has a 50-day simple moving average of $106.53 and a 200-day simple moving average of $105.92. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $110.47.

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).