Dorsey Wright & Associates Boosts Stake in iShares TIPS Bond ETF $TIP

Dorsey Wright & Associates lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 586.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,477 shares of the exchange traded fund’s stock after acquiring an additional 24,330 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares TIPS Bond ETF were worth $3,143,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Woodside Wealth Management LLC boosted its stake in iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $28,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $29,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.3%

Shares of TIP stock opened at $108.27 on Friday. The firm has a market cap of $14.55 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a 50 day moving average of $109.52 and a 200-day moving average of $110.36. iShares TIPS Bond ETF has a 12-month low of $107.82 and a 12-month 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.