Readystate Asset Management LP acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,662 shares of the exchange traded fund’s stock, valued at approximately $956,000.
Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 1,102 shares during the last quarter. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the 1st quarter worth approximately $432,000. Goldman Sachs Group Inc. lifted its holdings in iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after purchasing an additional 219,598 shares during the last quarter. Brown Advisory Inc. lifted its holdings in iShares TIPS Bond ETF by 5.1% in the 2nd quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 134 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in iShares TIPS Bond ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after purchasing an additional 1,717 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Stock Up 0.1%
Shares of TIP stock opened at $107.77 on Thursday. iShares TIPS Bond ETF has a 12 month low of $107.39 and a 12 month high of $112.26. The business’s 50 day moving average is $109.03 and its two-hundred day moving average is $110.23. The company has a market cap of $14.58 billion, a PE ratio of 12.40 and a beta of 0.26.
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.
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