Mezzasalma Advisors LLC Purchases 17,738 Shares of iShares TIPS Bond ETF $TIP

Mezzasalma Advisors LLC boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 370.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,526 shares of the exchange traded fund’s stock after purchasing an additional 17,738 shares during the period. Mezzasalma Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $2,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. Hsbc Holdings PLC raised its stake in iShares TIPS Bond ETF by 4,627.6% in the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after buying an additional 2,848,700 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after acquiring an additional 1,281,679 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $51,846,000. Ameriprise Financial Inc. raised its stake in iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after acquiring an additional 417,901 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in iShares TIPS Bond ETF by 672.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock valued at $36,832,000 after purchasing an additional 291,412 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $110.05 on Friday. iShares TIPS Bond ETF has a one year low of $106.09 and a one year high of $112.26. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average price of $110.86 and a two-hundred day moving average price of $110.57.

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.