Ocean Park Asset Management LLC Takes $10.90 Million Position in iShares TIPS Bond ETF $TIP

Ocean Park Asset Management LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 98,800 shares of the exchange traded fund’s stock, valued at approximately $10,904,000. Ocean Park Asset Management LLC owned approximately 0.08% of iShares TIPS Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC boosted its stake in shares of iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after acquiring an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $187,000. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after purchasing an additional 797,259 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of iShares TIPS Bond ETF by 615.5% in the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock valued at $72,203,000 after purchasing an additional 558,456 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $109.39 on Monday. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $108.93 and a 1-year high of $112.26. The firm has a fifty day simple moving average of $110.63 and a 200-day simple moving average of $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.