KPP Advisory Services LLC Buys Shares of 32,755 iShares TIPS Bond ETF $TIP

KPP Advisory Services LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,755 shares of the exchange traded fund’s stock, valued at approximately $3,615,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $25,000. Woodside Wealth Management LLC increased its position in 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 valued at $26,000 after acquiring an additional 151 shares during the period. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $28,000. Finally, Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $29,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 1.2%

NYSEARCA TIP opened at $108.17 on Thursday. iShares TIPS Bond ETF has a 12-month low of $108.16 and a 12-month high of $112.26. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business’s 50 day moving average is $110.30 and its two-hundred day moving average is $110.52.

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.