Pines Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,413 shares of the exchange traded fund’s stock, valued at approximately $575,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised 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. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $102,200,000. International Assets Investment Management LLC increased its position in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $24,990,000. Finally, Invst LLC lifted its position in shares of iShares TIPS Bond ETF by 2,678.4% during the 2nd quarter. Invst LLC now owns 205,716 shares of the exchange traded fund’s stock worth $21,789,000 after purchasing an additional 198,312 shares during the last quarter.
iShares TIPS Bond ETF Trading Up 0.0 %
Shares of TIP stock opened at $106.26 on Wednesday. The company has a market cap of $18.44 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm has a fifty day moving average price of $107.48 and a 200 day moving average price of $108.29. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06.
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).
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