Biondo Investment Advisors LLC Acquires 213 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Biondo Investment Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,518 shares of the exchange traded fund’s stock after purchasing an additional 213 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,227,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TIP. Kohmann Bosshard Financial Services LLC bought a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $26,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $45,000. Runnymede Capital Advisors Inc. acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $47,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 100 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $110.65 on Friday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The stock has a 50 day moving average price of $108.99 and a two-hundred day moving average price of $108.58. The stock has a market capitalization of $14.41 billion, a PE ratio of 12.32 and a beta of 0.28.

iShares TIPS Bond ETF 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).