Archvest Wealth Advisors Inc. Has $1.54 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Archvest Wealth Advisors Inc. raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 14,457 shares of the exchange traded fund’s stock after buying an additional 358 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.1% of Archvest Wealth Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding. Archvest Wealth Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $1,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 9.7% in the fourth quarter. Apollon Wealth Management LLC now owns 4,019 shares of the exchange traded fund’s stock valued at $428,000 after purchasing an additional 354 shares in the last quarter. Mezzasalma Advisors LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth $510,000. Austin Asset Management Co Inc increased its holdings in iShares TIPS Bond ETF by 146.5% during the fourth quarter. Austin Asset Management Co Inc now owns 6,870 shares of the exchange traded fund’s stock worth $732,000 after buying an additional 4,083 shares during the last quarter. Archer Investment Corp increased its stake in shares of iShares TIPS Bond ETF by 57.1% during the 4th quarter. Archer Investment Corp now owns 1,993 shares of the exchange traded fund’s stock worth $212,000 after purchasing an additional 724 shares during the last quarter. Finally, Lodestar Private Asset Management LLC raised its stake in iShares TIPS Bond ETF by 1.6% in the fourth quarter. Lodestar Private Asset Management LLC now owns 36,588 shares of the exchange traded fund’s stock valued at $3,898,000 after buying an additional 581 shares during the period.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of TIP stock opened at $108.44 on Friday. The firm has a 50 day moving average price of $107.41 and a two-hundred day moving average price of $108.35. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The company has a market capitalization of $18.81 billion, a PE ratio of 11.86 and a beta of 0.09.

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).