TrueWealth Financial Partners acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 15,708 shares of the exchange traded fund’s stock, valued at approximately $1,726,000. iShares TIPS Bond ETF comprises approximately 1.4% of TrueWealth Financial Partners’ holdings, making the stock its 24th largest holding.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Woodside Wealth Management LLC raised its holdings in shares of iShares TIPS Bond ETF by 167.8% in the fourth 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 in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $28,000. Holos Integrated Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $33,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $34,000. 63.62% of the stock is currently owned by institutional investors.
iShares TIPS Bond ETF Price Performance
TIP opened at $111.12 on Thursday. The business’s 50-day moving average is $111.04 and its two-hundred day moving average is $110.80. iShares TIPS Bond ETF has a 1 year low of $107.98 and a 1 year high of $112.26. The firm has a market capitalization of $14.70 billion, a PE ratio of 12.40 and a beta of 0.27.
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.
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