Nwam LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Nwam LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,279 shares of the exchange traded fund’s stock, valued at approximately $1,577,000.

Other hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $102,200,000. Envestnet Asset Management Inc. grew its position in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the last quarter. International Assets Investment Management LLC raised its stake in iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after acquiring an additional 398,292 shares during the period. Quotient Wealth Partners LLC lifted its holdings in iShares TIPS Bond ETF by 6,782.8% in the second quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after acquiring an additional 365,458 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in iShares TIPS Bond ETF by 192.4% in the first quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock valued at $45,402,000 after acquiring an additional 278,153 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $107.77 on Friday. The firm has a market capitalization of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.19 and a 1-year high of $111.06. The business’s fifty day moving average price is $109.04 and its two-hundred day moving average price is $108.07.

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).