Western Wealth Management LLC Acquires Shares of 6,261 iShares TIPS Bond ETF $TIP

Western Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,261 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Several other hedge funds also recently made changes to their positions in the business. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Woodside Wealth Management LLC raised its holdings in iShares TIPS Bond ETF by 167.8% in 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. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $30,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP opened at $106.86 on Tuesday. iShares TIPS Bond ETF has a 52-week low of $106.75 and a 52-week high of $112.26. The firm has a market cap of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.26. The business’s fifty day moving average is $108.85 and its 200-day moving average is $110.17.

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.