KMG Fiduciary Partners LLC Increases Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

KMG Fiduciary Partners LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,223 shares of the exchange traded fund’s stock after acquiring an additional 1,829 shares during the period. KMG Fiduciary Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TIP. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $26,000. Copia Wealth Management purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in iShares TIPS Bond ETF during the first quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $29,000. Finally, Godsey & Gibb Inc. purchased a new position in iShares TIPS Bond ETF during the first quarter valued at approximately $29,000.

iShares TIPS Bond ETF Stock Down 0.5%

Shares of TIP stock opened at $108.07 on Friday. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 12.40 and a beta of 0.28. The company’s 50 day moving average is $109.03 and its 200 day moving average is $108.55. iShares TIPS Bond ETF has a 52-week low of $105.85 and a 52-week high of $111.51.

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).