Hillcrest Wealth Advisors NY LLC Boosts Stock Holdings in iShares TIPS Bond ETF $TIP

Hillcrest Wealth Advisors NY LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,035 shares of the exchange traded fund’s stock after buying an additional 19,075 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 3.3% of Hillcrest Wealth Advisors NY LLC’s holdings, making the stock its 8th biggest holding. Hillcrest Wealth Advisors NY LLC owned approximately 0.05% of iShares TIPS Bond ETF worth $7,588,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $834,000. Park Avenue Securities LLC increased its position in shares of 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 valued at $3,042,000 after purchasing an additional 21,372 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the last quarter. Fermata Advisors LLC raised its holdings in iShares TIPS Bond ETF by 16.0% during the 3rd quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after buying an additional 6,514 shares during the period. Finally, Carr Financial Group Corp bought a new stake in iShares TIPS Bond ETF in the third quarter worth $621,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.3%

Shares of TIP opened at $110.16 on Thursday. The business has a fifty day moving average of $110.83 and a 200 day moving average of $110.90. The company has a market cap of $13.80 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26.

iShares TIPS Bond ETF Company 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.