Insight Wealth Partners LLC Has $4.91 Million Position in iShares TIPS Bond ETF $TIP

Insight Wealth Partners LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,849 shares of the exchange traded fund’s stock after selling 15,783 shares during the quarter. iShares TIPS Bond ETF makes up approximately 0.7% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 14th largest position. Insight Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $4,908,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after acquiring an additional 3,729,751 shares during the period. Valpey Financial Services LLC lifted its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after purchasing an additional 214,700 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after purchasing an additional 797,259 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Up 0.1%

NYSEARCA TIP opened at $107.05 on Wednesday. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.69 and a twelve month high of $112.26. The stock has a fifty day simple moving average of $107.48 and a 200 day simple moving average of $109.53.

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.