Davidson Trust Co. Invests $231,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Davidson Trust Co. acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,150 shares of the exchange traded fund’s stock, valued at approximately $231,000.

Several other hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $27,000. Trifecta Capital Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $27,000. Fortis Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $28,000. Finally, Life Planning Partners Inc acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth $30,000.

iShares TIPS Bond ETF Stock Up 0.2 %

NYSEARCA TIP traded up $0.24 during trading hours on Friday, hitting $105.86. 842,623 shares of the company were exchanged, compared to its average volume of 2,193,842. The company has a 50 day moving average of $106.58 and a two-hundred day moving average of $105.79. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $110.88. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09.

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).