Whalen Wealth Management Inc. Grows Position in iShares TIPS Bond ETF $TIP

Whalen Wealth Management Inc. lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 101.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,044 shares of the exchange traded fund’s stock after buying an additional 6,583 shares during the quarter. iShares TIPS Bond ETF makes up about 0.9% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest position. Whalen Wealth Management Inc.’s holdings in iShares TIPS Bond ETF were worth $1,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TIP. Brighton Jones LLC lifted its holdings in shares of iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 903.3% in the first quarter. Golden State Wealth Management LLC now owns 602 shares of the exchange traded fund’s stock worth $67,000 after buying an additional 542 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 6.7% in the first quarter. Koshinski Asset Management Inc. now owns 12,293 shares of the exchange traded fund’s stock worth $1,366,000 after buying an additional 777 shares in the last quarter. New Millennium Group LLC lifted its holdings in shares of iShares TIPS Bond ETF by 6,112.5% in the first quarter. New Millennium Group LLC now owns 497 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 489 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $112.03 on Wednesday. The company’s fifty day moving average price is $111.38 and its 200-day moving average price is $110.03. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The company has a market capitalization of $14.12 billion, a PE 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).