iShares TIPS Bond ETF $TIP is Kwmg LLC’s 9th Largest Position

Kwmg LLC boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 309,777 shares of the exchange traded fund’s stock after acquiring an additional 11,893 shares during the period. iShares TIPS Bond ETF accounts for 2.5% of Kwmg LLC’s investment portfolio, making the stock its 9th biggest position. Kwmg LLC owned approximately 0.23% of iShares TIPS Bond ETF worth $33,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Evanson Financial LLC purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $366,000. Avior Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 1,731.8% during the 2nd quarter. Avior Wealth Management LLC now owns 107,524 shares of the exchange traded fund’s stock valued at $11,766,000 after purchasing an additional 101,654 shares during the period. Calder Financial LLC increased its holdings in iShares TIPS Bond ETF by 24.8% during the 2nd quarter. Calder Financial LLC now owns 14,795 shares of the exchange traded fund’s stock valued at $1,619,000 after purchasing an additional 2,940 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $596,000. Finally, Epiq Partners LLC bought a new position in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.08 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $106.75 and a fifty-two week high of $112.26. The stock has a 50 day simple moving average of $108.53 and a two-hundred day simple moving average of $110.08. The stock has a market cap of $14.49 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.