SMART Wealth LLC Buys Shares of 9,534 iShares TIPS Bond ETF $TIP

SMART Wealth LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,534 shares of the exchange traded fund’s stock, valued at approximately $1,052,000.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its position in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $432,000. Goldman Sachs Group Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 82.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after acquiring an additional 219,598 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 134 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in iShares TIPS Bond ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after purchasing an additional 1,717 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.4%

Shares of TIP stock opened at $109.43 on Wednesday. iShares TIPS Bond ETF has a 12-month low of $108.88 and a 12-month high of $112.26. The firm’s 50 day moving average is $110.37 and its 200 day moving average is $110.54. The stock has a market capitalization of $14.48 billion, a P/E ratio of 12.40 and a beta of 0.26.

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.