Arkadios Wealth Advisors Has $2.11 Million Stock Position in iShares TIPS Bond ETF $TIP

Arkadios Wealth Advisors grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 510.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,990 shares of the exchange traded fund’s stock after purchasing an additional 15,877 shares during the period. Arkadios Wealth Advisors’ holdings in iShares TIPS Bond ETF were worth $2,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. Gladwyn Financial Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the second quarter worth approximately $25,000. ST Germain D J Co. Inc. lifted its stake in iShares TIPS Bond ETF by 160.0% in the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Hilltop National Bank bought a new stake in iShares TIPS Bond ETF in the second quarter worth approximately $36,000. Abound Wealth Management acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $41,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $43,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

TIP stock opened at $110.01 on Friday. iShares TIPS Bond ETF has a 1 year low of $106.47 and a 1 year high of $112.26. The company has a fifty day simple moving average of $110.36 and a 200 day simple moving average of $110.67. The firm has a market cap of $14.02 billion, a PE ratio of 12.40 and a beta of 0.26.

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.