iShares TIPS Bond ETF $TIP Stake Raised by West Financial Advisors LLC

West Financial Advisors LLC raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 669,275.0% in the third quarter, Holdings Channel.com reports. The fund owned 133,875 shares of the exchange traded fund’s stock after acquiring an additional 133,855 shares during the period. iShares TIPS Bond ETF comprises 2.5% of West Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding. West Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $14,890,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TIP. Brighton Jones LLC lifted its stake in iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares TIPS Bond ETF by 45.0% during the 1st quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after acquiring an additional 301,463 shares in the last quarter. Samalin Investment Counsel LLC grew its holdings in shares of iShares TIPS Bond ETF by 0.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 25,937 shares of the exchange traded fund’s stock worth $2,881,000 after acquiring an additional 138 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 6.4% during the first quarter. Quadcap Wealth Management LLC now owns 2,546 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 154 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of iShares TIPS Bond ETF by 2.1% during the first quarter. Ieq Capital LLC now owns 6,412 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

NYSEARCA:TIP opened at $109.78 on Tuesday. The stock has a fifty day simple moving average of $111.00 and a 200 day simple moving average of $110.53. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26.

iShares TIPS Bond ETF Company 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). 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.