Quotient Wealth Partners LLC Buys 19,162 Shares of iShares TIPS Bond ETF $TIP

Quotient Wealth Partners LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 473,810 shares of the exchange traded fund’s stock after buying an additional 19,162 shares during the period. iShares TIPS Bond ETF makes up 1.4% of Quotient Wealth Partners LLC’s investment portfolio, making the stock its 19th biggest position. Quotient Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $52,290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TIP. Brighton Jones LLC lifted its position 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 worth $1,583,000 after purchasing an additional 1,102 shares during the period. AQR Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 1st quarter valued at about $432,000. Goldman Sachs Group Inc. raised its position in shares of iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after buying an additional 219,598 shares in the last quarter. Brown Advisory Inc. raised its position in shares of iShares TIPS Bond ETF by 5.1% in the 2nd quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after acquiring an additional 1,717 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $109.39 on Friday. The company has a market cap of $14.47 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a 50 day moving average of $110.63 and a 200-day moving average of $110.59. iShares TIPS Bond ETF has a 1-year low of $108.93 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.