Mezzasalma Advisors LLC Has $5.10 Million Position in iShares TIPS Bond ETF $TIP

Mezzasalma Advisors LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 106.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,410 shares of the exchange traded fund’s stock after acquiring an additional 23,884 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.2% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Mezzasalma Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $5,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TIP. Holos Integrated Wealth LLC acquired a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $29,000. Root Financial Partners LLC bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $33,000. Abound Wealth Management bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $41,000. Triumph Capital Management acquired a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $51,000. Finally, Signaturefd LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $110.81 on Monday. iShares TIPS Bond ETF has a 12-month low of $106.47 and a 12-month high of $112.26. The company’s 50 day moving average price is $110.86 and its two-hundred day moving average price is $110.83. The firm has a market cap of $13.96 billion, a PE 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). 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.