Western Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 6,261 shares of the exchange traded fund’s stock, valued at approximately $691,000.
A number of other hedge funds have also made changes to their positions in the stock. Town Capital LLC acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $1,133,000. Stillwater Private Wealth LLC bought a new position in iShares TIPS Bond ETF during the first quarter valued at about $3,374,000. Parallel Advisors LLC grew its holdings in iShares TIPS Bond ETF by 1.7% during the first 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 period. Blue Fin Capital Inc. grew its holdings in iShares TIPS Bond ETF by 3.9% during the first quarter. Blue Fin Capital Inc. now owns 15,607 shares of the exchange traded fund’s stock worth $1,722,000 after acquiring an additional 589 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in iShares TIPS Bond ETF in the first quarter worth about $137,000. Institutional investors and hedge funds own 63.62% of the company’s stock.
iShares TIPS Bond ETF Trading Up 0.2%
Shares of NYSEARCA TIP opened at $107.16 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.75 and a twelve month high of $112.26. The firm has a 50-day moving average of $108.29 and a two-hundred day moving average of $109.99. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.
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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