Mezzasalma Advisors LLC Invests $510,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mezzasalma Advisors LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,783 shares of the exchange traded fund’s stock, valued at approximately $510,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tsfg LLC increased its position in shares of iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 0.6% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after acquiring an additional 100 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in iShares TIPS Bond ETF by 26.0% during 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 during the last quarter. First United Bank & Trust lifted its position in shares of iShares TIPS Bond ETF by 3.2% in the third quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 108 shares in the last quarter. Finally, FC Advisory LLC raised its holdings in iShares TIPS Bond ETF by 2.0% in the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after acquiring an additional 110 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of NYSEARCA TIP opened at $108.44 on Friday. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The firm has a fifty day moving average of $107.41 and a 200-day moving average of $108.35. The stock has a market capitalization of $18.81 billion, a PE ratio of 11.86 and a beta of 0.09.

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).