iShares TIPS Bond ETF $TIP is Kwmg LLC’s 9th Largest Position

Kwmg LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 309,777 shares of the exchange traded fund’s stock after purchasing an additional 11,893 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 2.5% of Kwmg LLC’s holdings, making the stock its 9th biggest position. Kwmg LLC’s holdings in iShares TIPS Bond ETF were worth $33,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TIP. Coastal Bridge Advisors LLC boosted its holdings in shares of iShares TIPS Bond ETF by 0.3% in the 4th quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock valued at $2,916,000 after acquiring an additional 90 shares during the last quarter. Wernau Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 4.6% during the first quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock worth $228,000 after purchasing an additional 91 shares during the last quarter. Foster & Motley Inc. lifted its position in iShares TIPS Bond ETF by 0.3% during the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after purchasing an additional 92 shares during the period. Rock Point Advisors LLC lifted its position in iShares TIPS Bond ETF by 4.6% during the fourth quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 93 shares during the period. Finally, Auour Investments LLC lifted its position in iShares TIPS Bond ETF by 2.3% during the first quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock valued at $449,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $107.08 on Friday. The firm’s fifty day moving average is $108.53 and its two-hundred day moving average is $110.08. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $106.75 and a one year high of $112.26.

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.