GSB Wealth Management LLC Buys 3,682 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

GSB Wealth Management LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4,844.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,758 shares of the exchange traded fund’s stock after acquiring an additional 3,682 shares during the period. GSB Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TIP. Bank of Montreal Can raised its stake in shares of iShares TIPS Bond ETF by 5.2% in the second quarter. Bank of Montreal Can now owns 77,832 shares of the exchange traded fund’s stock worth $8,346,000 after acquiring an additional 3,838 shares during the last quarter. AlTi Global Inc. grew its position in shares of iShares TIPS Bond ETF by 16.6% during the 2nd quarter. AlTi Global Inc. now owns 2,532 shares of the exchange traded fund’s stock worth $270,000 after buying an additional 361 shares during the period. Daymark Wealth Partners LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $703,000. The Manufacturers Life Insurance Company grew its position in shares of iShares TIPS Bond ETF by 1,236.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock worth $3,168,000 after buying an additional 27,447 shares during the period. Finally, Smith Thornton Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $740,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $107.43 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company has a 50 day moving average of $107.38 and a 200-day moving average of $108.30. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).