Town Capital LLC Buys Shares of 10,269 iShares TIPS Bond ETF $TIP

Town Capital LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,269 shares of the exchange traded fund’s stock, valued at approximately $1,133,000. iShares TIPS Bond ETF makes up about 0.9% of Town Capital LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. TD Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $25,000. Woodside Wealth Management LLC boosted its position in iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares during the period. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $30,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.63 on Monday. The firm has a 50 day moving average price of $108.92 and a two-hundred day moving average price of $110.19. The stock has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $107.34 and a 52-week high of $112.26.

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.