TritonPoint Partners LLC Invests $857,000 in iShares TIPS Bond ETF $TIP

TritonPoint Partners LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,801 shares of the exchange traded fund’s stock, valued at approximately $857,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $26,000. Woodside Wealth Management LLC raised its stake in shares of 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 buying an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $28,000. Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $29,000. Finally, Smartleaf Asset Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $109.61 on Monday. The company has a market capitalization of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $108.38 and a 52-week high of $112.26. The stock has a fifty day simple moving average of $110.77 and a 200-day simple moving average of $110.65.

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). 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.