Biltmore Family Office LLC Grows Stake in iShares TIPS Bond ETF $TIP

Biltmore Family Office LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 81.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 545 shares of the exchange traded fund’s stock after acquiring an additional 245 shares during the period. Biltmore Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TIP. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $26,000. Golden State Wealth Management LLC raised its position in iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 177 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $28,000. Finally, Avalon Trust Co purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $31,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $112.03 on Wednesday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The business has a 50-day simple moving average of $111.38 and a two-hundred day simple moving average of $110.03. The firm has a market cap of $14.12 billion, a price-to-earnings 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).