Tandemgrowth Financial Advisors LLC Invests $2.79 Million in iShares TIPS Bond ETF $TIP

Tandemgrowth Financial Advisors LLC acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, Holdings Channel.com reports. The firm acquired 25,353 shares of the exchange traded fund’s stock, valued at approximately $2,787,000. iShares TIPS Bond ETF comprises 2.4% of Tandemgrowth Financial Advisors LLC’s holdings, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $26,000. Woodside Wealth Management LLC increased its stake in shares of iShares TIPS Bond ETF by 167.8% in the fourth 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 period. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $28,000. Holos Integrated Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $29,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $34,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $109.60 on Friday. The firm has a market capitalization of $14.50 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $108.38 and a 1-year high of $112.26. The company’s fifty day moving average price is $110.79 and its 200-day moving average price is $110.66.

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.