Woodmont Investment Counsel LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Woodmont Investment Counsel LLC bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 458 shares of the exchange traded fund’s stock, valued at approximately $49,000.

Other institutional investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth $27,000. Fortis Group Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $27,000. Life Planning Partners Inc acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $33,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $36,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock traded up $0.20 on Tuesday, hitting $106.12. 1,408,791 shares of the stock traded hands, compared to its average volume of 2,081,598. The firm’s 50-day moving average price is $106.38 and its two-hundred day moving average price is $106.69. The stock has a market capitalization of $18.41 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $108.54.

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).