Hillcrest Wealth Advisors NY LLC Has $9.19 Million Holdings in iShares TIPS Bond ETF $TIP

Hillcrest Wealth Advisors NY LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,245 shares of the exchange traded fund’s stock after purchasing an additional 14,210 shares during the period. iShares TIPS Bond ETF comprises approximately 3.7% of Hillcrest Wealth Advisors NY LLC’s investment portfolio, making the stock its 10th largest position. Hillcrest Wealth Advisors NY LLC owned 0.06% of iShares TIPS Bond ETF worth $9,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TD Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Woodside Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $28,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth $29,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $108.33 on Friday. iShares TIPS Bond ETF has a 52 week low of $108.16 and a 52 week high of $112.26. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a fifty day moving average of $110.19 and a 200-day moving average of $110.49.

iShares TIPS Bond ETF 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.