Nwam LLC Makes New $1.58 Million Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Nwam LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, HoldingsChannel reports. The firm purchased 14,279 shares of the exchange traded fund’s stock, valued at approximately $1,577,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citigroup Inc. boosted its stake in iShares TIPS Bond ETF by 17.9% during the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock valued at $15,818,000 after buying an additional 21,755 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $338,000. Axos Invest Inc. bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $6,932,000. Colony Family Offices LLC boosted its position in shares of iShares TIPS Bond ETF by 7.0% during the 3rd quarter. Colony Family Offices LLC now owns 2,039 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 133 shares in the last quarter. Finally, AMG National Trust Bank grew its stake in shares of iShares TIPS Bond ETF by 2.1% in the 3rd quarter. AMG National Trust Bank now owns 37,327 shares of the exchange traded fund’s stock worth $4,124,000 after purchasing an additional 758 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.77 on Friday. The firm has a market cap of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $104.19 and a 12 month high of $111.06. The firm has a 50 day simple moving average of $109.04 and a 200 day simple moving average of $108.07.

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).