Mezzasalma Advisors LLC Has $2.51 Million Stock Position in iShares TIPS Bond ETF $TIP

Mezzasalma Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 370.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,526 shares of the exchange traded fund’s stock after acquiring an additional 17,738 shares during the quarter. Mezzasalma Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $2,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF in the second quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $28,000. Grove Bank & Trust bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $31,000. ST Germain D J Co. Inc. increased its position in shares of iShares TIPS Bond ETF by 160.0% in the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in iShares TIPS Bond ETF during the second quarter valued at approximately $36,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.0%

TIP stock opened at $110.05 on Friday. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.09 and a twelve month high of $112.26. The business has a 50 day moving average price of $110.86 and a two-hundred day moving average price of $110.57.

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). 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.