10Elms LLP Invests $423,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

10Elms LLP acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,968 shares of the exchange traded fund’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TIP. FMR LLC grew its position in shares of iShares TIPS Bond ETF by 10.6% during the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock worth $823,630,000 after buying an additional 739,540 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Rock Creek Group LP grew its holdings in iShares TIPS Bond ETF by 0.7% during the fourth quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock worth $294,537,000 after buying an additional 18,908 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after buying an additional 536,610 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after acquiring an additional 1,378,094 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $108.73 on Wednesday. The company has a market cap of $13.83 billion, a P/E ratio of 12.40 and a beta of 0.29. The firm has a 50-day moving average of $109.40 and a 200-day moving average of $108.48. iShares TIPS Bond ETF has a one year low of $104.69 and a one year high of $111.51.

iShares TIPS Bond ETF Company 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).