Stillwater Private Wealth LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,580 shares of the exchange traded fund’s stock, valued at approximately $3,374,000. iShares TIPS Bond ETF comprises 2.9% of Stillwater Private Wealth LLC’s portfolio, making the stock its 10th biggest position.
A number of other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in iShares TIPS Bond ETF by 1.7% during the 1st quarter. Parallel Advisors LLC now owns 50,714 shares of the exchange traded fund’s stock worth $5,597,000 after acquiring an additional 857 shares during the last quarter. Blue Fin Capital Inc. increased its stake in iShares TIPS Bond ETF by 3.9% in the first quarter. Blue Fin Capital Inc. now owns 15,607 shares of the exchange traded fund’s stock valued at $1,722,000 after purchasing an additional 589 shares in the last quarter. Axiom Investment Management LLC bought a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $137,000. Wellington Grp LLC raised its holdings in iShares TIPS Bond ETF by 58.4% in the first quarter. Wellington Grp LLC now owns 982 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 362 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF in the first quarter worth $691,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Stock Down 0.1%
Shares of NYSEARCA TIP opened at $107.63 on Friday. The company’s fifty day moving average is $108.92 and its 200-day moving average is $110.19. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $107.34 and a twelve month high of $112.26.
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). 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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