Wealthspire Retirement LLC Boosts Stake in iShares TIPS Bond ETF $TIP

Wealthspire Retirement LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.9% in the first quarter, HoldingsChannel.com reports. The fund owned 59,136 shares of the exchange traded fund’s stock after acquiring an additional 10,217 shares during the quarter. Wealthspire Retirement LLC’s holdings in iShares TIPS Bond ETF were worth $6,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. TD Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $25,000. Woodside Wealth Management LLC raised its holdings in shares of 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 buying an additional 151 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $30,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $107.77 on Thursday. iShares TIPS Bond ETF has a 1 year low of $107.76 and a 1 year high of $112.26. The stock has a 50 day simple moving average of $109.32 and a two-hundred day simple moving average of $110.31. The firm has a market cap of $14.53 billion, a P/E ratio of 12.40 and a beta of 0.26.

About iShares TIPS Bond ETF

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.