West Financial Advisors LLC Increases Stake in iShares TIPS Bond ETF $TIP

West Financial Advisors LLC raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,290 shares of the exchange traded fund’s stock after acquiring an additional 9,545 shares during the quarter. iShares TIPS Bond ETF makes up 3.2% of West Financial Advisors LLC’s investment portfolio, making the stock its 10th largest position. West Financial Advisors LLC owned 0.14% of iShares TIPS Bond ETF worth $20,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $25,000. Evolution Wealth Management Inc. bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $26,000. Woodside Wealth Management LLC raised its position 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 purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $30,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $107.08 on Friday. The firm has a market cap of $14.49 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $106.75 and a fifty-two week high of $112.26. The business’s 50 day moving average price is $108.53 and its 200-day moving average price is $110.08.

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.