First National Trust Co Acquires 4,574 Shares of iShares TIPS Bond ETF $TIP

First National Trust Co boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,771 shares of the exchange traded fund’s stock after acquiring an additional 4,574 shares during the quarter. First National Trust Co’s holdings in iShares TIPS Bond ETF were worth $1,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TIP. Woodside Wealth Management LLC increased its stake in iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $28,000. Holos Integrated Wealth LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $29,000. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $33,000. Finally, Pittenger & Anderson Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $34,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $110.38 on Monday. The firm has a market capitalization of $14.60 billion, a P/E ratio of 12.40 and a beta of 0.27. The stock’s 50-day simple moving average is $110.92 and its two-hundred day simple moving average is $110.75. iShares TIPS Bond ETF has a twelve month low of $108.07 and a twelve month high of $112.26.

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.