Insight Wealth Strategies LLC Purchases 19,300 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Insight Wealth Strategies LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 190.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,422 shares of the exchange traded fund’s stock after purchasing an additional 19,300 shares during the period. iShares TIPS Bond ETF makes up approximately 0.8% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 23rd largest holding. Insight Wealth Strategies LLC’s holdings in iShares TIPS Bond ETF were worth $3,421,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TIP. First Financial Bank Trust Division lifted its holdings in shares of iShares TIPS Bond ETF by 7.2% in the second quarter. First Financial Bank Trust Division now owns 2,548 shares of the exchange traded fund’s stock valued at $295,000 after purchasing an additional 171 shares in the last quarter. Summit Financial Group Inc. bought a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $380,000. Ellenbecker Investment Group lifted its holdings in shares of iShares TIPS Bond ETF by 141.7% in the second quarter. Ellenbecker Investment Group now owns 6,208 shares of the exchange traded fund’s stock valued at $717,000 after purchasing an additional 3,639 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 30.9% in the second quarter. Carroll Financial Associates Inc. now owns 1,884 shares of the exchange traded fund’s stock valued at $217,000 after purchasing an additional 445 shares in the last quarter. Finally, Signature Wealth Management Group lifted its holdings in shares of iShares TIPS Bond ETF by 2.3% in the second quarter. Signature Wealth Management Group now owns 41,609 shares of the exchange traded fund’s stock valued at $4,770,000 after purchasing an additional 938 shares in the last quarter.

Shares of NYSEARCA:TIP traded up $0.10 during midday trading on Wednesday, reaching $115.70. The company had a trading volume of 614,562 shares, compared to its average volume of 1,293,681. The business’s 50 day moving average price is $116.09 and its 200 day moving average price is $115.43. iShares TIPS Bond ETF has a 1-year low of $108.38 and a 1-year high of $118.21.

In related news, insider Coleman Howard bought 57,500 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of $0.80 per share, with a total value of $46,000.00.

About iShares TIPS Bond ETF

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).

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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