Avidian Wealth Solutions LLC Buys 11,626 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Avidian Wealth Solutions LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 206.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,269 shares of the exchange traded fund’s stock after purchasing an additional 11,626 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares TIPS Bond ETF were worth $1,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baldwin Brothers LLC MA boosted its position in iShares TIPS Bond ETF by 19.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 320,432 shares of the exchange traded fund’s stock valued at $34,443,000 after acquiring an additional 51,104 shares in the last quarter. Frontier Asset Management LLC boosted its position in shares of iShares TIPS Bond ETF by 10.6% during the third quarter. Frontier Asset Management LLC now owns 113,770 shares of the exchange traded fund’s stock valued at $11,800,000 after purchasing an additional 10,890 shares in the last quarter. Wealthspire Advisors LLC grew its stake in iShares TIPS Bond ETF by 10.0% in the third quarter. Wealthspire Advisors LLC now owns 5,027 shares of the exchange traded fund’s stock worth $521,000 after purchasing an additional 456 shares during the period. Ellis Investment Partners LLC raised its holdings in iShares TIPS Bond ETF by 0.6% in the third quarter. Ellis Investment Partners LLC now owns 30,989 shares of the exchange traded fund’s stock worth $3,214,000 after purchasing an additional 199 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in iShares TIPS Bond ETF by 86.1% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,354 shares of the exchange traded fund’s stock valued at $468,000 after acquiring an additional 2,014 shares during the period.

iShares TIPS Bond ETF Stock Up 0.5 %

Shares of NYSEARCA TIP traded up $0.54 on Friday, reaching $105.93. 2,388,261 shares of the company’s stock traded hands, compared to its average volume of 2,200,094. The business’s 50 day simple moving average is $106.48 and its two-hundred day simple moving average is $106.04. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $110.47. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).