iShares TIPS Bond ETF $TIP Shares Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6,175.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,468 shares of the exchange traded fund’s stock after purchasing an additional 7,349 shares during the period. Fortis Group Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC boosted its holdings 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 worth $3,042,000 after purchasing an additional 21,372 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $834,000. Bank of America Corp DE boosted its holdings 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 worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the last quarter. Keybank National Association OH lifted its holdings in iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after acquiring an additional 18,437 shares during the last quarter. Finally, Envision Financial LLC grew its position in iShares TIPS Bond ETF by 200.0% in the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock worth $989,000 after acquiring an additional 6,000 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $110.37 on Friday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The stock has a 50 day moving average of $110.93 and a 200 day moving average of $110.75.

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.