TritonPoint Partners LLC Takes $857,000 Position in iShares TIPS Bond ETF $TIP

TritonPoint Partners LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 7,801 shares of the exchange traded fund’s stock, valued at approximately $857,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TIP. Woodside Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $28,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $29,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.61 on Monday. iShares TIPS Bond ETF has a 1 year low of $108.38 and a 1 year high of $112.26. The stock has a market capitalization of $14.50 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock has a 50-day simple moving average of $110.77 and a 200-day simple moving average of $110.65.

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.