Chicago Partners Investment Group LLC Boosts Stock Holdings in iShares TIPS Bond ETF $TIP

Chicago Partners Investment Group LLC lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 64.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,421 shares of the exchange traded fund’s stock after acquiring an additional 17,821 shares during the period. Chicago Partners Investment Group LLC’s holdings in iShares TIPS Bond ETF were worth $5,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth $25,000. Woodside Wealth Management LLC boosted its position in shares of 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 valued at $26,000 after buying an additional 151 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 4th 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 institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP opened at $107.91 on Tuesday. The company’s 50-day simple moving average is $109.77 and its two-hundred day simple moving average is $110.41. iShares TIPS Bond ETF has a 52-week low of $107.82 and a 52-week high of $112.26. The stock has a market capitalization of $14.45 billion, a P/E ratio of 12.40 and a beta of 0.26.

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.