Cordant Inc. Grows Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Cordant Inc. grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,278 shares of the exchange traded fund’s stock after purchasing an additional 1,951 shares during the quarter. iShares TIPS Bond ETF makes up about 1.2% of Cordant Inc.’s investment portfolio, making the stock its 16th largest holding. Cordant Inc.’s holdings in iShares TIPS Bond ETF were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in iShares TIPS Bond ETF during the second quarter valued at $26,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $37,000. Strategic Investment Solutions Inc. IL grew its position in shares of iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares in the last quarter. Sound Income Strategies LLC grew its holdings in iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 298 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in iShares TIPS Bond ETF by 28.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $93,000 after acquiring an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $107.00 on Thursday. The firm has a fifty day moving average price of $107.48 and a 200 day moving average price of $108.29. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a market cap of $18.56 billion, a PE ratio of 11.86 and a beta of 0.09.

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).