Biltmore Family Office LLC Buys New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Biltmore Family Office LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 300 shares of the exchange traded fund’s stock, valued at approximately $32,000.

A number of other large investors have also recently bought and sold shares of TIP. Assetmark Inc. boosted its stake in shares of iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after buying an additional 1,378,094 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $76,533,000. Sumitomo Life Insurance Co. boosted its position in iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $42,463,000. Finally, Raymond James Financial Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $37,033,000.

iShares TIPS Bond ETF Stock Up 0.6 %

Shares of iShares TIPS Bond ETF stock opened at $110.97 on Friday. The stock has a market cap of $14.55 billion, a P/E ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.45. The business’s 50 day moving average is $109.27 and its 200-day moving average is $108.60.

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).