RWA Wealth Partners LLC Buys 55,975 Shares of iShares TIPS Bond ETF $TIP

RWA Wealth Partners LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2,924.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,889 shares of the exchange traded fund’s stock after purchasing an additional 55,975 shares during the period. RWA Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $6,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in iShares TIPS Bond ETF by 4,627.6% in the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after buying an additional 2,848,700 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 11.0% during the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after buying an additional 1,281,679 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of iShares TIPS Bond ETF by 672.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock valued at $36,832,000 after acquiring an additional 291,412 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of iShares TIPS Bond ETF by 792.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 294,650 shares of the exchange traded fund’s stock valued at $32,423,000 after acquiring an additional 261,635 shares during the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.1%

Shares of TIP stock opened at $111.41 on Thursday. The firm has a market capitalization of $13.96 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The stock’s fifty day simple moving average is $110.43 and its 200 day simple moving average is $110.85.

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.