KPP Advisory Services LLC Makes New Investment in iShares TIPS Bond ETF $TIP

KPP Advisory Services LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,755 shares of the exchange traded fund’s stock, valued at approximately $3,615,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Innova Wealth Partners bought a new position in iShares TIPS Bond ETF during the first quarter valued at $216,000. Root Financial Partners LLC raised its holdings in shares of iShares TIPS Bond ETF by 39.0% in the first quarter. Root Financial Partners LLC now owns 524 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 147 shares during the last quarter. True Blue Financial LLC increased its holdings in iShares TIPS Bond ETF by 1.3% in the 1st quarter. True Blue Financial LLC now owns 15,909 shares of the exchange traded fund’s stock worth $1,756,000 after buying an additional 201 shares during the period. School Employees Retirement Board of Ohio acquired a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $9,923,000. Finally, Impact Partnership Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 37.6% during the first quarter. Impact Partnership Wealth LLC now owns 77,533 shares of the exchange traded fund’s stock worth $8,557,000 after buying an additional 21,192 shares in the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $108.17 on Thursday. The business has a 50 day simple moving average of $110.30 and a two-hundred day simple moving average of $110.52. The stock has a market capitalization of $14.65 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $108.16 and a 12 month high of $112.26.

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.