iShares TIPS Bond ETF $TIP Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,459 shares of the exchange traded fund’s stock after purchasing an additional 253 shares during the period. Ritholtz Wealth Management’s holdings in iShares TIPS Bond ETF were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in iShares TIPS Bond ETF by 295.0% during the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 177 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in iShares TIPS Bond ETF during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares TIPS Bond ETF during the second quarter worth about $28,000. Rossby Financial LCC acquired a new position in iShares TIPS Bond ETF during the first quarter worth about $30,000. Finally, Avalon Trust Co acquired a new position in iShares TIPS Bond ETF during the first quarter worth about $31,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of TIP opened at $112.02 on Wednesday. The stock has a market cap of $14.09 billion, a P/E ratio of 12.40 and a beta of 0.19. The company has a 50-day moving average of $111.19 and a two-hundred day moving average of $109.91. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month 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).