Tandemgrowth Financial Advisors LLC Purchases New Holdings in iShares TIPS Bond ETF $TIP

Tandemgrowth Financial Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,353 shares of the exchange traded fund’s stock, valued at approximately $2,787,000. iShares TIPS Bond ETF comprises about 2.4% of Tandemgrowth Financial Advisors LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds have also added to or reduced their stakes in TIP. Bank of America Corp DE grew its stake in iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. Valpey Financial Services LLC grew its stake in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after acquiring an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $187,000. Northwestern Mutual Wealth Management Co. grew its stake in iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after acquiring an additional 797,259 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in iShares TIPS Bond ETF by 615.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after acquiring an additional 558,456 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $109.60 on Friday. The firm’s 50 day moving average price is $110.79 and its 200-day moving average price is $110.66. iShares TIPS Bond ETF has a 52-week low of $108.38 and a 52-week high of $112.26. The company has a market cap of $14.50 billion, a PE ratio of 12.40 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). 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.