iShares TIPS Bond ETF $TIP Stock Position Lifted by Ascentis Independent Advisors

Ascentis Independent Advisors grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 451.1% during the first quarter, Holdings Channel.com reports. The firm owned 12,009 shares of the exchange traded fund’s stock after buying an additional 9,830 shares during the quarter. Ascentis Independent Advisors’ holdings in iShares TIPS Bond ETF were worth $1,325,000 as of its most recent filing with the SEC.

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

iShares TIPS Bond ETF Stock Down 0.3%

NYSEARCA:TIP opened at $108.17 on Wednesday. The business’s 50-day moving average price is $110.05 and its 200 day moving average price is $110.47. iShares TIPS Bond ETF has a 52-week low of $108.11 and a 52-week high of $112.26. The firm has a market cap of $14.52 billion, a P/E 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.