Impact Partnership Wealth LLC Buys 4,834 Shares of iShares TIPS Bond ETF $TIP

Impact Partnership Wealth LLC grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 39,155 shares of the exchange traded fund’s stock after acquiring an additional 4,834 shares during the period. iShares TIPS Bond ETF accounts for approximately 0.6% of Impact Partnership Wealth LLC’s investment portfolio, making the stock its 22nd biggest position. Impact Partnership Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $4,355,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of iShares TIPS Bond ETF by 11.0% in the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after buying an additional 1,281,679 shares during the period. Hsbc Holdings PLC grew its position in shares of iShares TIPS Bond ETF by 4,627.6% during the 2nd quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock worth $320,274,000 after buying an additional 2,848,700 shares during the period. Envestnet Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,180,866 shares of the exchange traded fund’s stock valued at $239,964,000 after purchasing an additional 19,125 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares in the last quarter. Finally, Assetmark Inc. grew its stake in iShares TIPS Bond ETF by 4.1% in the second quarter. Assetmark Inc. now owns 1,304,696 shares of the exchange traded fund’s stock valued at $143,569,000 after acquiring an additional 50,824 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.1%

NYSEARCA TIP opened at $110.52 on Friday. The company has a market cap of $13.91 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a fifty day simple moving average of $110.33 and a 200 day simple moving average of $110.70. iShares TIPS Bond ETF has a 12-month low of $106.47 and a 12-month high of $112.26.

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.