West Financial Advisors LLC Acquires 42,410 Shares of iShares TIPS Bond ETF $TIP

West Financial Advisors LLC boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,285 shares of the exchange traded fund’s stock after purchasing an additional 42,410 shares during the quarter. iShares TIPS Bond ETF comprises approximately 3.3% of West Financial Advisors LLC’s portfolio, making the stock its 10th biggest position. West Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $19,375,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TIP. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $834,000. Park Avenue Securities LLC raised its stake in iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock worth $3,042,000 after acquiring an additional 21,372 shares in the last quarter. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. Fermata Advisors LLC lifted its position in iShares TIPS Bond ETF by 16.0% in the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after acquiring an additional 6,514 shares during the last quarter. Finally, Carr Financial Group Corp purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at $621,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $109.76 on Friday. The company has a fifty day moving average of $110.82 and a two-hundred day moving average of $110.90. The company has a market capitalization of $13.75 billion, a PE 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.