Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $323,000 Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,027 shares of the exchange traded fund’s stock after acquiring an additional 693 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares TIPS Bond ETF were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TIP. Ashton Thomas Private Wealth LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter worth about $350,000. Welch & Forbes LLC increased its stake in shares of iShares TIPS Bond ETF by 31.3% in the fourth quarter. Welch & Forbes LLC now owns 29,430 shares of the exchange traded fund’s stock valued at $3,136,000 after buying an additional 7,008 shares during the period. Ethos Financial Group LLC increased its stake in shares of iShares TIPS Bond ETF by 7.5% in the fourth quarter. Ethos Financial Group LLC now owns 145,520 shares of the exchange traded fund’s stock valued at $15,505,000 after buying an additional 10,180 shares during the period. Washington Trust Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $57,000. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $37,033,000.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $109.46 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The stock’s 50-day moving average is $108.01 and its 200 day moving average is $108.51. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).