Zinnia Wealth Advisory LLC Acquires New Holdings in iShares TIPS Bond ETF $TIP

Zinnia Wealth Advisory LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,946 shares of the exchange traded fund’s stock, valued at approximately $654,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. Valpey Financial Services LLC grew its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $187,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after acquiring an additional 797,259 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in iShares TIPS Bond ETF by 615.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after acquiring an additional 558,456 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.61 on Monday. iShares TIPS Bond ETF has a twelve month low of $108.38 and a twelve month high of $112.26. The company has a market cap of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. The company’s 50 day moving average is $110.77 and its 200 day moving average is $110.65.

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.