6,261 Shares in iShares TIPS Bond ETF $TIP Acquired by Western Wealth Management LLC

Western Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, Holdings Channel.com reports. The fund acquired 6,261 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of iShares TIPS Bond ETF by 3.0% during the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after buying an additional 18,437 shares during the last quarter. Calder Financial LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $1,342,000. Farther Finance Advisors LLC grew its position in iShares TIPS Bond ETF by 141.2% in the fourth quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock valued at $5,950,000 after acquiring an additional 31,689 shares during the last quarter. Mezzasalma Advisors LLC raised its stake in iShares TIPS Bond ETF by 106.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after acquiring an additional 23,884 shares in the last quarter. Finally, Vise Technologies Inc. raised its stake in iShares TIPS Bond ETF by 320.3% during the fourth quarter. Vise Technologies Inc. now owns 7,699 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 5,867 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.7%

TIP stock opened at $106.86 on Tuesday. The stock has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $106.75 and a 12 month high of $112.26. The firm has a 50-day moving average price of $108.85 and a 200-day moving average price of $110.17.

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.