Alpha Financial Partners LLC Acquires Shares of 4,986 iShares TIPS Bond ETF $TIP

Alpha Financial Partners LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,986 shares of the exchange traded fund’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Keybank National Association OH increased its position in shares of iShares TIPS Bond ETF by 3.0% in the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after acquiring an additional 18,437 shares during the period. Mezzasalma Advisors LLC raised its position in shares of iShares TIPS Bond ETF by 106.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after purchasing an additional 23,884 shares during the last quarter. Calder Financial LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at about $1,342,000. Arta Finance Wealth Management LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at about $707,000. Finally, Financial Enhancement Group LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $9,247,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Down 0.2%

Shares of TIP opened at $107.88 on Wednesday. iShares TIPS Bond ETF has a 52-week low of $107.82 and a 52-week high of $112.26. The stock has a market cap of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s fifty day moving average is $109.39 and its two-hundred day moving average is $110.33.

iShares TIPS Bond ETF 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.