Westside Investment Management Inc. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 121.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,442 shares of the exchange traded fund’s stock after buying an additional 9,573 shares during the quarter. Westside Investment Management Inc.’s holdings in iShares TIPS Bond ETF were worth $1,815,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of TIP. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF during the third quarter valued at $27,000. CX Institutional purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at $29,000. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $35,000. Bell Investment Advisors Inc bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $39,000. Finally, Timbuktu Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $52,000. 63.62% of the stock is owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Trading Up 0.2%
TIP stock opened at $106.26 on Friday. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $111.98. The company has a 50-day moving average price of $105.60 and a 200 day moving average price of $108.77. The stock has a market cap of $14.59 billion, a PE ratio of 12.40 and a beta of 0.29.
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.
Featured Stories
- Five stocks we like better than iShares TIPS Bond ETF
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
