Hillcrest Wealth Advisors NY LLC Grows Holdings in iShares TIPS Bond ETF $TIP

Hillcrest Wealth Advisors NY LLC increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,245 shares of the exchange traded fund’s stock after buying an additional 14,210 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 3.7% of Hillcrest Wealth Advisors NY LLC’s investment portfolio, making the stock its 10th largest position. Hillcrest Wealth Advisors NY LLC’s holdings in iShares TIPS Bond ETF were worth $9,187,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $25,000. Woodside Wealth Management LLC increased its position in iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Evolution Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $28,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $29,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.33 on Friday. The firm has a market cap of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s fifty day moving average is $110.19 and its 200-day moving average is $110.49. iShares TIPS Bond ETF has a 52 week low of $108.16 and a 52 week high of $112.26.

iShares TIPS Bond ETF 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.