Alpha Financial Partners LLC Buys Shares of 4,986 iShares TIPS Bond ETF $TIP

Alpha Financial Partners LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,986 shares of the exchange traded fund’s stock, valued at approximately $550,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TIP. Keybank National Association OH boosted its holdings in shares of iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after acquiring an additional 18,437 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in iShares TIPS Bond ETF by 106.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after purchasing an additional 23,884 shares in the last quarter. Calder Financial LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth about $1,342,000. Arta Finance Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $707,000. Finally, Financial Enhancement Group LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $9,247,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

TIP opened at $107.88 on Wednesday. iShares TIPS Bond ETF has a 12 month low of $107.82 and a 12 month high of $112.26. The stock has a market capitalization of $14.54 billion, a P/E ratio of 12.40 and a beta of 0.26. The business has a 50 day simple moving average of $109.39 and a 200-day simple moving average of $110.33.

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.