Wealth Enhancement Advisory Services LLC Grows Stock Position in iShares TIPS Bond ETF $TIP

Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 179,740 shares of the exchange traded fund’s stock after purchasing an additional 8,358 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $19,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Maridea Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 2.3% during the 4th quarter. Maridea Wealth Management LLC now owns 9,221 shares of the exchange traded fund’s stock worth $1,013,000 after purchasing an additional 203 shares during the last quarter. Procyon Advisors LLC grew its holdings in iShares TIPS Bond ETF by 31.4% during the 4th quarter. Procyon Advisors LLC now owns 18,264 shares of the exchange traded fund’s stock valued at $2,007,000 after buying an additional 4,366 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in iShares TIPS Bond ETF by 2.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 39,760 shares of the exchange traded fund’s stock valued at $4,370,000 after buying an additional 1,100 shares during the last quarter. Baldwin Wealth Partners LLC MA increased its position in iShares TIPS Bond ETF by 3.8% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 460,411 shares of the exchange traded fund’s stock worth $50,604,000 after buying an additional 17,036 shares in the last quarter. Finally, Envision Financial LLC increased its position in iShares TIPS Bond ETF by 200.0% during the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock worth $989,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.3%

NYSEARCA TIP opened at $110.16 on Thursday. 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 fifty day moving average of $110.83 and a 200-day moving average of $110.90. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.