Davidson Trust Co. Purchases Shares of 2,150 iShares TIPS Bond ETF (NYSEARCA:TIP)

Davidson Trust Co. acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,150 shares of the exchange traded fund’s stock, valued at approximately $231,000.

Several other institutional investors have also recently modified their holdings of the company. Meritas Wealth Management LLC increased its position in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 100 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in iShares TIPS Bond ETF by 0.8% during the 3rd quarter. Cedar Brook Financial Partners LLC now owns 12,742 shares of the exchange traded fund’s stock valued at $1,322,000 after acquiring an additional 101 shares during the period. Bragg Financial Advisors Inc boosted its holdings in iShares TIPS Bond ETF by 0.6% during the 4th quarter. Bragg Financial Advisors Inc now owns 17,600 shares of the exchange traded fund’s stock valued at $1,873,000 after acquiring an additional 101 shares during the period. Gradient Investments LLC boosted its holdings in iShares TIPS Bond ETF by 15.6% during the 3rd quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 103 shares during the period. Finally, AlphaCore Capital LLC boosted its holdings in iShares TIPS Bond ETF by 5.9% during the 3rd quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock valued at $193,000 after acquiring an additional 103 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP stock traded up $0.24 during trading on Friday, hitting $105.86. 842,623 shares of the company traded hands, compared to its average volume of 2,193,842. The firm has a market capitalization of $18.59 billion, a PE ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.88. The company has a 50-day moving average of $106.58 and a 200-day moving average of $105.79.

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).