Fairvoy Private Wealth LLC Purchases New Holdings in iShares TIPS Bond ETF $TIP

Fairvoy Private Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 63,009 shares of the exchange traded fund’s stock, valued at approximately $6,954,000. iShares TIPS Bond ETF makes up about 1.7% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 14th biggest position.

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

iShares TIPS Bond ETF Stock Performance

TIP opened at $109.50 on Friday. The company has a 50-day moving average of $110.47 and a 200-day moving average of $110.55. The company has a market capitalization of $14.49 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $108.88 and a 1-year high of $112.26.

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.