Texas Bank & Trust Co increased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,672 shares of the exchange traded fund’s stock after buying an additional 6,350 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.1% of Texas Bank & Trust Co’s holdings, making the stock its 26th biggest position. Texas Bank & Trust Co’s holdings in iShares TIPS Bond ETF were worth $3,041,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Woodside Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at about $28,000. Holos Integrated Wealth LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in iShares TIPS Bond ETF in the 3rd quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $34,000. 63.62% of the stock is currently owned by institutional investors.
iShares TIPS Bond ETF Stock Performance
Shares of NYSEARCA TIP opened at $110.37 on Friday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a one year low of $107.98 and a one year high of $112.26. The business has a fifty day simple moving average of $110.93 and a 200 day simple moving average of $110.75.
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). 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.
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