Tidal Investments LLC Increases Position in iShares TIPS Bond ETF $TIP

Tidal Investments LLC lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 106.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 87,400 shares of the exchange traded fund’s stock after buying an additional 45,062 shares during the period. Tidal Investments LLC’s holdings in iShares TIPS Bond ETF were worth $9,462,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $26,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $40,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 52.9% during the fourth quarter. Golden State Wealth Management LLC now owns 396 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.5%

Shares of NYSEARCA:TIP opened at $105.84 on Friday. The company has a market cap of $14.32 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $105.82 and a 52 week high of $112.26. The business has a fifty day simple moving average of $107.36 and a 200-day simple moving average of $109.44.

About iShares TIPS Bond ETF

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.