Ocean Park Asset Management LLC Makes New Investment in iShares TIPS Bond ETF $TIP

Ocean Park Asset Management LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, HoldingsChannel.com reports. The firm bought 98,800 shares of the exchange traded fund’s stock, valued at approximately $10,904,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $25,000. Woodside Wealth Management LLC grew its holdings in iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at $28,000. Finally, Holos Integrated Wealth LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $29,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.39 on Monday. iShares TIPS Bond ETF has a 1-year low of $108.93 and a 1-year high of $112.26. The stock has a market capitalization of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26. The business has a 50-day moving average price of $110.63 and a two-hundred day moving average price of $110.59.

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.