iShares TIPS Bond ETF $TIP Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC boosted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 34,321 shares of the exchange traded fund’s stock after buying an additional 3,518 shares during the period. iShares TIPS Bond ETF comprises 0.7% of Impact Partnership Wealth LLC’s portfolio, making the stock its 25th largest position. Impact Partnership Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $3,777,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. Golden State Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 295.0% in the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in iShares TIPS Bond ETF during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in iShares TIPS Bond ETF during the 2nd quarter worth approximately $28,000. Finally, Rossby Financial LCC acquired a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $30,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.5%

TIP stock opened at $111.44 on Thursday. The stock’s 50 day simple moving average is $111.40 and its 200 day simple moving average is $110.05. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The firm has a market cap of $14.04 billion, a P/E ratio of 12.40 and a beta of 0.26.

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).