Fairway Wealth LLC Boosts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fairway Wealth LLC raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.4% in the third quarter, Holdings Channel reports. The institutional investor owned 10,423 shares of the exchange traded fund’s stock after buying an additional 986 shares during the quarter. iShares TIPS Bond ETF accounts for about 0.5% of Fairway Wealth LLC’s holdings, making the stock its 26th biggest position. Fairway Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norden Group LLC bought a new position in shares of iShares TIPS Bond ETF during the first quarter valued at $258,000. Oppenheimer & Co. Inc. grew its position in iShares TIPS Bond ETF by 32.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 24,626 shares of the exchange traded fund’s stock worth $2,645,000 after purchasing an additional 6,073 shares during the period. Williams Jones Wealth Management LLC. raised its stake in iShares TIPS Bond ETF by 6.4% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 3,193 shares of the exchange traded fund’s stock valued at $343,000 after buying an additional 193 shares during the last quarter. Wealth Forward LLC boosted its stake in shares of iShares TIPS Bond ETF by 3.8% in the 1st quarter. Wealth Forward LLC now owns 100,053 shares of the exchange traded fund’s stock worth $10,747,000 after buying an additional 3,660 shares during the last quarter. Finally, Watershed Private Wealth LLC purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at $808,000.

iShares TIPS Bond ETF Stock Up 0.3 %

iShares TIPS Bond ETF stock opened at $108.57 on Friday. The business has a 50-day simple moving average of $109.43 and a two-hundred day simple moving average of $107.92. iShares TIPS Bond ETF has a 52-week low of $103.19 and a 52-week high of $111.06. The company has a market cap of $18.84 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).