Elevation Point Wealth Partners LLC Grows Position in iShares TIPS Bond ETF $TIP

Elevation Point Wealth Partners LLC raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 85.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,942 shares of the exchange traded fund’s stock after acquiring an additional 11,935 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TIP. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth about $26,000. Woodside Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth about $28,000. Finally, Holos Integrated Wealth LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $29,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.33 on Friday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $108.16 and a 52 week high of $112.26. The firm has a 50-day moving average price of $110.19 and a two-hundred day moving average price of $110.49.

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.