iShares TIPS Bond ETF $TIP Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,382 shares of the exchange traded fund’s stock after purchasing an additional 9,239 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $19,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladwyn Financial Advisors Inc. purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter worth approximately $25,000. ST Germain D J Co. Inc. raised its holdings in shares of iShares TIPS Bond ETF by 160.0% during the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Hilltop National Bank acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $36,000. Abound Wealth Management purchased a new position in iShares TIPS Bond ETF in the third quarter valued at about $41,000. Finally, Financial Gravity Companies Inc. acquired a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $43,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

TIP opened at $110.12 on Thursday. The company has a market capitalization of $14.03 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26. The business has a 50-day moving average of $110.38 and a 200-day moving average of $110.67.

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.