Quotient Wealth Partners LLC Raises Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Quotient Wealth Partners LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 394,570 shares of the exchange traded fund’s stock after purchasing an additional 12,055 shares during the period. iShares TIPS Bond ETF accounts for 1.4% of Quotient Wealth Partners LLC’s portfolio, making the stock its 20th biggest position. Quotient Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $42,041,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TIP. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF during the third quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL boosted its stake in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC grew its position in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the last quarter. Sound Income Strategies LLC increased its stake in iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $96,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $108.44 on Friday. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a 50-day simple moving average of $107.40 and a 200-day simple moving average of $108.36.

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).