Coastal Capital Group Inc. Makes New $28,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP) – Riverton Roll

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Coastal Capital Group Inc. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 241 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Several other hedge funds have also added to or reduced their stakes in the company. Cavalier Investments LLC purchased a new position in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $9,496,000. Sequoia Financial Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 24.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,373 shares of the exchange traded fund’s stock valued at $274,000 after acquiring an additional 470 shares in the last quarter. Mirsky Financial Management CORP. increased its position in shares of iShares TIPS Bond ETF by 2.2% during the second quarter. Mirsky Financial Management CORP. now owns 14,347 shares of the exchange traded fund’s stock valued at $1,657,000 after acquiring an additional 313 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $193,000. Finally, Courage Miller Partners LLC increased its position in shares of iShares TIPS Bond ETF by 4.0% during the second quarter. Courage Miller Partners LLC now owns 17,635 shares of the exchange traded fund’s stock valued at $2,036,000 after acquiring an additional 677 shares in the last quarter.

Shares of TIP opened at $116.82 on Wednesday. The firm’s 50 day moving average price is $115.34. iShares TIPS Bond ETF has a twelve month low of $107.53 and a twelve month high of $117.22.

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).

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