Fairvoy Private Wealth LLC Takes $6.95 Million Position in iShares TIPS Bond ETF $TIP

Fairvoy Private Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 63,009 shares of the exchange traded fund’s stock, valued at approximately $6,954,000. iShares TIPS Bond ETF comprises approximately 1.7% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 14th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $25,000. Woodside Wealth Management LLC lifted 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 buying an additional 151 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $28,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $29,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

Shares of NYSEARCA:TIP opened at $109.50 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $108.88 and a fifty-two week high of $112.26. The firm has a 50-day simple moving average of $110.47 and a 200 day simple moving average of $110.55. The company has a market cap of $14.49 billion, a PE 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). 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.