Cetera Investment Advisers increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,438 shares of the exchange traded fund’s stock after purchasing an additional 22,723 shares during the period. Cetera Investment Advisers owned approximately 0.32% of iShares TIPS Bond ETF worth $47,172,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of TIP. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $25,000. Woodside Wealth Management LLC lifted its stake in 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 buying an additional 151 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $30,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Stock Up 0.0%
Shares of TIP stock opened at $107.50 on Friday. iShares TIPS Bond ETF has a 12-month low of $107.48 and a 12-month high of $112.26. The firm has a fifty day moving average of $109.19 and a 200-day moving average of $110.28. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.
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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