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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in iShares TIPS Bond ETF by 18.1% during the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after buying an additional 3,729,751 shares during the period. Mather Group LLC. bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $240,163,000. Kwmg LLC bought a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $34,858,000. CI Investments Inc. grew its stake in shares of iShares TIPS Bond ETF by 28.7% in the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after acquiring an additional 260,055 shares in the last quarter. Finally, Blue Edge Capital LLC acquired a new position in shares of iShares TIPS Bond ETF in the second quarter valued at about $21,489,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

TIP stock 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 company has a market capitalization of $14.69 billion, a PE ratio of 12.40 and a beta of 0.27. The company’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.