Red Crane Wealth Management LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Red Crane Wealth Management LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,774 shares of the exchange traded fund’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in iShares TIPS Bond ETF by 106.7% in the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after buying an additional 536,610 shares during the period. Baldwin Wealth Partners LLC MA raised its stake in iShares TIPS Bond ETF by 52.6% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock worth $45,729,000 after buying an additional 147,849 shares in the last quarter. Finally, Quotient Wealth Partners LLC lifted its holdings in iShares TIPS Bond ETF by 3.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 394,570 shares of the exchange traded fund’s stock worth $42,041,000 after buying an additional 12,055 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.62 on Wednesday. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The business’s 50 day moving average price is $107.47 and its two-hundred day moving average price is $108.44. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06.

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).