Chicago Partners Investment Group LLC Buys 17,821 Shares of iShares TIPS Bond ETF $TIP

Chicago Partners Investment Group LLC raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 64.6% in the 1st quarter, Holdings Channel reports. The firm owned 45,421 shares of the exchange traded fund’s stock after acquiring an additional 17,821 shares during the period. Chicago Partners Investment Group LLC’s holdings in iShares TIPS Bond ETF were worth $5,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TIP. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $25,000. Woodside Wealth Management LLC grew its holdings 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 buying an additional 151 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $107.91 on Tuesday. The firm has a fifty day moving average price of $109.77 and a 200 day moving average price of $110.41. iShares TIPS Bond ETF has a fifty-two week low of $107.82 and a fifty-two week high of $112.26. The firm has a market cap of $14.45 billion, a PE ratio of 12.40 and a beta of 0.26.

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.