Biltmore Family Office LLC Boosts Stock Position in iShares TIPS Bond ETF $TIP

Biltmore Family Office LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 81.7% during the second quarter, Holdings Channel reports. The institutional investor owned 545 shares of the exchange traded fund’s stock after buying an additional 245 shares during the period. Biltmore Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TIP. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $25,000. Golden State Wealth Management LLC lifted its position in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $28,000. Finally, Rossby Financial LCC purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $30,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.1%

TIP stock opened at $112.03 on Wednesday. iShares TIPS Bond ETF has a twelve month low of $106.04 and a twelve month high of $112.26. The stock has a market cap of $14.12 billion, a P/E ratio of 12.40 and a beta of 0.26. The business’s 50-day moving average price is $111.38 and its 200-day moving average price is $110.03.

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).