Valpey Financial Services LLC Increases Stock Holdings in iShares TIPS Bond ETF $TIP

Valpey Financial Services LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10,997.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,428,978 shares of the exchange traded fund’s stock after purchasing an additional 2,407,090 shares during the period. iShares TIPS Bond ETF accounts for about 1.4% of Valpey Financial Services LLC’s holdings, making the stock its 16th biggest position. Valpey Financial Services LLC owned 1.94% of iShares TIPS Bond ETF worth $266,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TIP. Woodside Wealth Management LLC increased its stake in 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 purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $28,000. Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Pittenger & Anderson Inc. purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $36,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.3%

Shares of iShares TIPS Bond ETF stock opened at $111.18 on Friday. The firm has a market capitalization of $14.71 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52 week low of $108.07 and a 52 week high of $112.26. The firm’s 50 day moving average is $110.90 and its two-hundred day moving average is $110.75.

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.