335,041 Shares of iShares TIPS Bond ETF $TIP Bought by Kwmg LLC

Kwmg LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 335,041 shares of the exchange traded fund’s stock, valued at approximately $34,858,000. iShares TIPS Bond ETF makes up 2.6% of Kwmg LLC’s holdings, making the stock its 10th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Horizons Wealth Management bought a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $6,149,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $35,000. FC Advisory LLC boosted its stake in iShares TIPS Bond ETF by 2.0% in the third quarter. FC Advisory LLC now owns 5,552 shares of the exchange traded fund’s stock worth $578,000 after purchasing an additional 107 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its stake in iShares TIPS Bond ETF by 2.3% in the third quarter. Heartwood Wealth Advisors LLC now owns 187,329 shares of the exchange traded fund’s stock worth $19,490,000 after purchasing an additional 4,125 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in iShares TIPS Bond ETF in the third quarter worth $4,189,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP traded down $0.02 during midday trading on Wednesday, reaching $104.16. The company’s stock had a trading volume of 868,366 shares, compared to its average volume of 2,227,515. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.24. The company has a market capitalization of $14.17 billion, a P/E ratio of 12.40 and a beta of 0.27. The business’s fifty day simple moving average is $106.29 and its 200-day simple moving average is $108.65.

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.