3EDGE Asset Management LP Boosts Stock Holdings in iShares TIPS Bond ETF $TIP

3EDGE Asset Management LP raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 112.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 470,178 shares of the exchange traded fund’s stock after purchasing an additional 248,482 shares during the quarter. iShares TIPS Bond ETF accounts for about 2.7% of 3EDGE Asset Management LP’s portfolio, making the stock its 11th largest position. 3EDGE Asset Management LP’s holdings in iShares TIPS Bond ETF were worth $51,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TIP. Woodside Wealth Management LLC lifted its holdings in 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 stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $28,000. Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $29,000. Root Financial Partners LLC purchased a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $33,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $34,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.11 on Wednesday. The company’s fifty day moving average is $110.97 and its two-hundred day moving average is $110.76. iShares TIPS Bond ETF has a 1 year low of $107.98 and a 1 year high of $112.26. The stock has a market capitalization of $14.57 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.