Hilltop Holdings Inc. increased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 204.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,252 shares of the exchange traded fund’s stock after acquiring an additional 48,487 shares during the period. iShares TIPS Bond ETF comprises 0.7% of Hilltop Holdings Inc.’s holdings, making the stock its 21st largest position. Hilltop Holdings Inc.’s holdings in iShares TIPS Bond ETF were worth $7,974,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Keybank National Association OH increased its holdings in iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after buying an additional 18,437 shares in the last quarter. Calder Financial LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $1,342,000. Mezzasalma Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 106.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock valued at $5,099,000 after acquiring an additional 23,884 shares during the period. Farther Finance Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 141.2% during the 4th quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock valued at $5,950,000 after acquiring an additional 31,689 shares during the period. Finally, Arta Finance Wealth Management LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $707,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Trading Up 0.0%
Shares of TIP opened at $107.50 on Friday. iShares TIPS Bond ETF has a 12 month low of $107.48 and a 12 month high of $112.26. The stock’s 50 day moving average is $109.19 and its two-hundred day moving average is $110.28. The firm has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.26.
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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