SMART Wealth LLC Acquires New Stake in iShares TIPS Bond ETF $TIP

SMART Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,534 shares of the exchange traded fund’s stock, valued at approximately $1,052,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of 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 worth $266,969,000 after purchasing an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $187,000. Pictet Asset Management Holding SA boosted its stake in iShares TIPS Bond ETF by 16.8% in the 1st 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares TIPS Bond ETF by 43.0% in the 2nd 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 in the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $109.43 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 one year low of $108.88 and a one year high of $112.26. The company’s 50-day moving average is $110.37 and its 200 day moving average is $110.54.

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.