Tranquilli Financial Advisor LLC Purchases 1,166 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Tranquilli Financial Advisor LLC increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 23.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,098 shares of the exchange traded fund’s stock after buying an additional 1,166 shares during the period. Tranquilli Financial Advisor LLC’s holdings in iShares TIPS Bond ETF were worth $677,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 0.9% during the first quarter. Grey Fox Wealth Advisors LLC now owns 11,556 shares of the exchange traded fund’s stock worth $1,284,000 after acquiring an additional 98 shares during the period. Tidal Investments LLC increased its holdings in iShares TIPS Bond ETF by 0.7% during the fourth quarter. Tidal Investments LLC now owns 17,017 shares of the exchange traded fund’s stock valued at $1,813,000 after buying an additional 112 shares during the period. Evexia Wealth LLC increased its holdings in iShares TIPS Bond ETF by 2.9% during the first quarter. Evexia Wealth LLC now owns 4,056 shares of the exchange traded fund’s stock valued at $443,000 after buying an additional 113 shares during the period. Invesco Ltd. increased its holdings in iShares TIPS Bond ETF by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,343 shares of the exchange traded fund’s stock valued at $463,000 after buying an additional 116 shares during the period. Finally, Baker Avenue Asset Management LP increased its holdings in iShares TIPS Bond ETF by 4.1% during the fourth quarter. Baker Avenue Asset Management LP now owns 2,961 shares of the exchange traded fund’s stock valued at $315,000 after buying an additional 116 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of TIP stock opened at $110.35 on Monday. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. The company’s 50 day moving average is $109.42 and its 200 day moving average is $109.24. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $111.50.

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).