WESPAC Advisors SoCal LLC Invests $2.21 Million in iShares TIPS Bond ETF $TIP

WESPAC Advisors SoCal LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, Holdings Channel reports. The institutional investor acquired 20,053 shares of the exchange traded fund’s stock, valued at approximately $2,213,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE increased its stake in iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after buying an additional 4,189,926 shares during the period. Valpey Financial Services LLC boosted its position in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $187,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 worth $137,179,000 after acquiring an additional 797,259 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of iShares TIPS Bond ETF by 615.5% in the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after acquiring an additional 558,456 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $109.39 on Friday. iShares TIPS Bond ETF has a 12-month low of $108.93 and a 12-month high of $112.26. The firm has a market cap of $14.47 billion, a PE ratio of 12.40 and a beta of 0.26. The stock has a fifty day moving average price of $110.63 and a 200 day moving average price of $110.59.

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.