iShares TIPS Bond ETF $TIP Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 428,562 shares of the exchange traded fund’s stock after acquiring an additional 19,294 shares during the quarter. iShares TIPS Bond ETF comprises about 1.3% of Quotient Wealth Partners LLC’s portfolio, making the stock its 20th largest position. Quotient Wealth Partners LLC owned about 0.34% of iShares TIPS Bond ETF worth $47,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Grove Bank & Trust purchased a new position in iShares TIPS Bond ETF during the 2nd quarter worth approximately $31,000. ST Germain D J Co. Inc. lifted its stake in iShares TIPS Bond ETF by 160.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Finally, Hilltop National Bank acquired a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $36,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $109.94 on Friday. The company’s fifty day moving average price is $111.04 and its 200-day moving average price is $110.50. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26. The firm has a market capitalization of $13.96 billion, a P/E ratio of 12.40 and a beta of 0.26.

iShares TIPS Bond ETF 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.