Arta Finance Wealth Management LLC Invests $707,000 in iShares TIPS Bond ETF $TIP

Arta Finance Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, Holdings Channel reports. The fund acquired 6,434 shares of the exchange traded fund’s stock, valued at approximately $707,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $33,000. Abound Wealth Management acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth approximately $41,000. Triumph Capital Management acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth approximately $51,000. Finally, Vestwell Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $56,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $110.81 on Friday. The company’s fifty day simple moving average is $110.86 and its 200-day simple moving average is $110.84. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $106.47 and a 1 year high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.