Chemistry Wealth Management LLC Has $2.44 Million Stock Holdings in iShares TIPS Bond ETF $TIP

Chemistry Wealth Management LLC increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 105.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,266 shares of the exchange traded fund’s stock after buying an additional 11,405 shares during the quarter. Chemistry Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TIP. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $25,000. Woodside Wealth Management LLC grew its stake in 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 acquiring an additional 151 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $30,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $107.08 on Friday. The stock has a market cap of $14.49 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm has a 50 day simple moving average of $108.53 and a 200 day simple moving average of $110.08. iShares TIPS Bond ETF has a 52 week low of $106.75 and a 52 week 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.