iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,406 shares of the exchange traded fund’s stock after purchasing an additional 1,610 shares during the quarter. Parkside Financial Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIP. FMR LLC grew its position in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after acquiring an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares in the last quarter. Baldwin Wealth Partners LLC MA grew its position in iShares TIPS Bond ETF by 52.6% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock valued at $45,729,000 after acquiring an additional 147,849 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its position in iShares TIPS Bond ETF by 3.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 394,570 shares of the exchange traded fund’s stock valued at $42,041,000 after acquiring an additional 12,055 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.34 on Friday. The company has a market cap of $14.12 billion, a P/E ratio of 12.25 and a beta of 0.26. The stock has a 50-day moving average of $107.67 and a two-hundred day moving average of $108.47. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06.

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).