Texas Bank & Trust Co Has $3.04 Million Position in iShares TIPS Bond ETF $TIP

Texas Bank & Trust Co boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,672 shares of the exchange traded fund’s stock after purchasing an additional 6,350 shares during the period. iShares TIPS Bond ETF comprises about 1.1% of Texas Bank & Trust Co’s investment portfolio, making the stock its 26th biggest position. Texas Bank & Trust Co’s holdings in iShares TIPS Bond ETF were worth $3,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodside Wealth Management LLC raised its stake in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $28,000. Holos Integrated Wealth LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $29,000. Root Financial Partners LLC acquired a new position in iShares TIPS Bond ETF in the third quarter worth $33,000. Finally, Pittenger & Anderson Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $34,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.37 on Friday. The business’s fifty day moving average price is $110.93 and its two-hundred day moving average price is $110.75. 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 52 week low of $107.98 and a 52 week high of $112.26.

About iShares TIPS Bond ETF

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.