Cauble & Harre Wealth Management Inc. Invests $709,000 in iShares TIPS Bond ETF $TIP

Cauble & Harre Wealth Management Inc. bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,450 shares of the exchange traded fund’s stock, valued at approximately $709,000.

Several other hedge funds have also modified their holdings of TIP. Brighton Jones LLC lifted its position in iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the first quarter valued at approximately $432,000. Goldman Sachs Group Inc. lifted its position in iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after buying an additional 219,598 shares in the last quarter. Brown Advisory Inc. lifted its position in iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in iShares TIPS Bond ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after buying an additional 1,717 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.61 on Friday. The stock’s 50-day moving average is $111.01 and its two-hundred day moving average is $110.79. The stock has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $107.98 and a 12 month high of $112.26.

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.