Ocean Park Asset Management LLC Increases Stake in iShares TIPS Bond ETF $TIP

Ocean Park Asset Management LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 91.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,100 shares of the exchange traded fund’s stock after buying an additional 90,300 shares during the period. iShares TIPS Bond ETF accounts for about 1.0% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Ocean Park Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $20,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIP. Keybank National Association OH boosted its stake in iShares TIPS Bond ETF by 3.0% during the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after buying an additional 18,437 shares during the last quarter. Calder Financial LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $1,342,000. Farther Finance Advisors LLC increased its stake in iShares TIPS Bond ETF by 141.2% in the 4th quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock worth $5,950,000 after acquiring an additional 31,689 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $9,247,000. Finally, Vertex Investment Solutions Co. Ltd. bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $10,486,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $106.89 on Wednesday. The stock has a market capitalization of $14.46 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 $106.75 and a 1 year high of $112.26. The business’s 50 day simple moving average is $108.40 and its 200-day simple moving average is $110.03.

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). 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.