Wealthspire Advisors LLC Purchases 8,046 Shares of iShares TIPS Bond ETF $TIP

Wealthspire Advisors LLC raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 252.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,233 shares of the exchange traded fund’s stock after buying an additional 8,046 shares during the quarter. Wealthspire Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladwyn Financial Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in iShares TIPS Bond ETF in the second quarter valued at about $28,000. Avalon Trust Co bought a new position in iShares TIPS Bond ETF in the first quarter valued at about $31,000. Finally, Grove Bank & Trust acquired a new position in iShares TIPS Bond ETF during the second quarter worth about $31,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.0%

TIP opened at $110.76 on Friday. The company has a market cap of $14.07 billion, a P/E ratio of 12.40 and a beta of 0.26. The company’s 50 day moving average is $111.34 and its 200-day moving average is $110.23. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $112.26.

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).