Western Wealth Management LLC Buys Shares of 6,261 iShares TIPS Bond ETF $TIP

Western Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,261 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Several other institutional investors have also modified their holdings of the company. TD Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $25,000. Woodside Wealth Management LLC increased its stake in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $30,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of NYSEARCA TIP opened at $107.16 on Friday. iShares TIPS Bond ETF has a 12-month low of $106.75 and a 12-month high of $112.26. The company has a market cap of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. The stock has a 50 day simple moving average of $108.29 and a 200-day simple moving average of $109.99.

About iShares TIPS Bond ETF

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.