WESPAC Advisors SoCal LLC Takes $2.21 Million Position in iShares TIPS Bond ETF $TIP

WESPAC Advisors SoCal LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,053 shares of the exchange traded fund’s stock, valued at approximately $2,213,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $25,000. Woodside Wealth Management LLC raised its holdings in shares of 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 worth $26,000 after acquiring an additional 151 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $28,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $29,000. 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 $109.39 on Friday. iShares TIPS Bond ETF has a 12-month low of $108.93 and a 12-month high of $112.26. The firm has a market capitalization of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm has a 50-day moving average price of $110.63 and a 200 day moving average price of $110.59.

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.