Goodwin Investment Advisory Raises Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Goodwin Investment Advisory boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 66.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,589 shares of the exchange traded fund’s stock after acquiring an additional 1,437 shares during the period. iShares TIPS Bond ETF comprises 0.2% of Goodwin Investment Advisory’s investment portfolio, making the stock its 27th biggest holding. Goodwin Investment Advisory’s holdings in iShares TIPS Bond ETF were worth $389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dynasty Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $42,463,000. Parkside Financial Bank & Trust raised its stake in iShares TIPS Bond ETF by 27.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,406 shares of the exchange traded fund’s stock valued at $789,000 after buying an additional 1,610 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in iShares TIPS Bond ETF by 10,555.0% during the 4th quarter. Proficio Capital Partners LLC now owns 209,904 shares of the exchange traded fund’s stock worth $210,000 after buying an additional 207,934 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of iShares TIPS Bond ETF by 7.8% during the 4th quarter. Kovack Advisors Inc. now owns 7,932 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 576 shares in the last quarter. Finally, Nwam LLC boosted its position in shares of iShares TIPS Bond ETF by 72.5% during the 4th quarter. Nwam LLC now owns 24,626 shares of the exchange traded fund’s stock worth $2,624,000 after acquiring an additional 10,347 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $110.34 on Friday. The stock’s 50-day simple moving average is $107.67 and its 200-day simple moving average is $108.47. The firm has a market capitalization of $14.12 billion, a PE ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06.

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).