10,853 Shares in iShares TIPS Bond ETF $TIP Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, HoldingsChannel.com reports. The firm bought 10,853 shares of the exchange traded fund’s stock, valued at approximately $1,198,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares during the period. AQR Capital Management LLC purchased a new stake in iShares TIPS Bond ETF during the 1st quarter worth about $432,000. Goldman Sachs Group Inc. increased its holdings in iShares TIPS Bond ETF by 82.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after purchasing an additional 219,598 shares during the period. Brown Advisory Inc. increased its holdings in iShares TIPS Bond ETF by 5.1% during the 2nd quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 134 shares during the period. Finally, NewEdge Advisors LLC raised its position in iShares TIPS Bond ETF by 5.3% in the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after purchasing an additional 1,717 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $107.66 on Wednesday. The stock has a 50-day simple moving average of $109.08 and a 200-day simple moving average of $110.24. The stock has a market capitalization of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $107.39 and a 1 year 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.