Rockefeller Capital Management L.P. Purchases 27,942 Shares of iShares TIPS Bond ETF $TIP

Rockefeller Capital Management L.P. increased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.2% in the fourth quarter, HoldingsChannel reports. The firm owned 277,486 shares of the exchange traded fund’s stock after purchasing an additional 27,942 shares during the period. Rockefeller Capital Management L.P.’s holdings in iShares TIPS Bond ETF were worth $30,499,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TIP. TD Capital Management LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $25,000. Woodside Wealth Management LLC increased its holdings in shares of iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $28,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $29,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $109.39 on Monday. The company has a market capitalization of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $108.93 and a one year high of $112.26. The business’s 50 day simple moving average is $110.63 and its 200-day simple moving average is $110.59.

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). 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.