Insight Wealth Partners LLC Has $4.91 Million Holdings in iShares TIPS Bond ETF $TIP

Insight Wealth Partners LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 44,849 shares of the exchange traded fund’s stock after selling 15,783 shares during the period. iShares TIPS Bond ETF makes up 0.7% of Insight Wealth Partners LLC’s holdings, making the stock its 14th biggest holding. Insight Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $4,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $25,000. Evolution Wealth Management Inc. bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $40,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of iShares TIPS Bond ETF by 52.9% in the 4th quarter. Golden State Wealth Management LLC now owns 396 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $107.05 on Wednesday. The company has a market cap of $14.48 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock has a 50 day simple moving average of $107.48 and a two-hundred day simple moving average of $109.53. iShares TIPS Bond ETF has a fifty-two week low of $106.69 and a fifty-two 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.