Kovitz Investment Group Partners LLC lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,479 shares of the exchange traded fund’s stock after buying an additional 35,625 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares TIPS Bond ETF were worth $15,770,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TIP. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 32.3% in 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 acquiring an additional 4,189,926 shares during the period. Valpey Financial Services LLC lifted its position in iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $187,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares TIPS Bond ETF by 176.8% during the 4th 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 buying an additional 797,259 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares TIPS Bond ETF by 615.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock valued at $72,203,000 after buying an additional 558,456 shares during the period. 63.62% of the stock is currently owned by institutional investors.
iShares TIPS Bond ETF Price Performance
NYSEARCA TIP opened at $109.39 on Friday. 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 business’s fifty day moving average price is $110.66 and its 200-day moving average price is $110.60.
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). 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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