iShares TIPS Bond ETF $TIP Stake Boosted by West Financial Advisors LLC

West Financial Advisors LLC increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 191,290 shares of the exchange traded fund’s stock after acquiring an additional 9,545 shares during the period. iShares TIPS Bond ETF comprises 3.2% of West Financial Advisors LLC’s holdings, making the stock its 10th largest position. West Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $20,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TIP. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Woodside Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $30,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

NYSEARCA TIP opened at $107.08 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.75 and a twelve month high of $112.26. The firm has a market capitalization of $14.49 billion, a PE ratio of 12.40 and a beta of 0.26. The stock’s 50 day moving average is $108.53 and its 200 day moving average is $110.08.

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.