Partners Wealth Management LLC Purchases 9,881 Shares of iShares TIPS Bond ETF $TIP

Partners Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,881 shares of the exchange traded fund’s stock, valued at approximately $1,028,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $27,000. CX Institutional acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $29,000. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $35,000. Timbuktu Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $52,000. Finally, Root Financial Partners LLC boosted its holdings in shares of iShares TIPS Bond ETF by 39.0% during the 1st 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 period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $106.69 on Friday. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $111.98. The firm has a market cap of $14.69 billion, a P/E ratio of 12.40 and a beta of 0.27. The firm’s 50-day simple moving average is $105.69 and its 200 day simple moving average is $108.85.

iShares TIPS Bond ETF 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.