Waystone Advisors LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,911 shares of the exchange traded fund’s stock, valued at approximately $979,000.
Several other institutional investors and hedge funds have also recently modified their holdings of TIP. Woodside Wealth Management LLC raised its holdings in shares of iShares TIPS Bond ETF by 167.8% in the 4th 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 purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $28,000. Holos Integrated Wealth LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $29,000. Pittenger & Anderson Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Trading Up 0.1%
Shares of NYSEARCA TIP opened at $110.88 on Thursday. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 1-year low of $108.07 and a 1-year high of $112.26. The stock’s 50-day moving average is $110.90 and its 200 day moving average is $110.74.
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). 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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