Elevation Point Wealth Partners LLC Grows Position in iShares TIPS Bond ETF $TIP

Elevation Point Wealth Partners LLC grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 85.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,942 shares of the exchange traded fund’s stock after purchasing an additional 11,935 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,863,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $25,000. Woodside Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 167.8% in 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. purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $28,000. Finally, Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $108.33 on Friday. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company’s fifty day simple moving average is $110.19 and its two-hundred day simple moving average is $110.49. iShares TIPS Bond ETF has a 1 year low of $108.16 and a 1 year 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.