Apollon Wealth Management LLC Purchases 354 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Apollon Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,019 shares of the exchange traded fund’s stock after purchasing an additional 354 shares during the period. Apollon Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Mezzasalma Advisors LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter worth about $510,000. Austin Asset Management Co Inc grew its holdings in shares of iShares TIPS Bond ETF by 146.5% in the 4th quarter. Austin Asset Management Co Inc now owns 6,870 shares of the exchange traded fund’s stock valued at $732,000 after acquiring an additional 4,083 shares in the last quarter. Archer Investment Corp grew its holdings in shares of iShares TIPS Bond ETF by 57.1% in the 4th quarter. Archer Investment Corp now owns 1,993 shares of the exchange traded fund’s stock valued at $212,000 after acquiring an additional 724 shares in the last quarter. Lodestar Private Asset Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 1.6% in the 4th quarter. Lodestar Private Asset Management LLC now owns 36,588 shares of the exchange traded fund’s stock valued at $3,898,000 after acquiring an additional 581 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $18,602,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $108.41 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average of $107.38 and a 200-day moving average of $108.40.

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).