iShares TIPS Bond ETF $TIP Stock Position Raised by Kwmg LLC

Kwmg LLC raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,077 shares of the exchange traded fund’s stock after purchasing an additional 5,541 shares during the quarter. iShares TIPS Bond ETF accounts for about 2.7% of Kwmg LLC’s holdings, making the stock its 6th biggest holding. Kwmg LLC owned approximately 0.23% of iShares TIPS Bond ETF worth $31,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $29,000. Root Financial Partners LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth $33,000. Abound Wealth Management purchased a new position in iShares TIPS Bond ETF in the third quarter worth $41,000. Triumph Capital Management purchased a new position in iShares TIPS Bond ETF in the third quarter worth $51,000. Finally, Vestwell Advisors LLC bought a new position in iShares TIPS Bond ETF in the second quarter valued at $56,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.36 on Thursday. The stock’s 50-day simple moving average is $110.84 and its two-hundred day simple moving average is $110.85. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The company has a market capitalization of $13.83 billion, a price-to-earnings 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.