Royal Bank of Canada decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792,456 shares of the exchange traded fund’s stock after selling 17,252 shares during the period. Royal Bank of Canada owned 0.60% of iShares TIPS Bond ETF worth $87,455,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Coastal Bridge Advisors LLC increased its holdings in shares of iShares TIPS Bond ETF by 0.3% during the 4th quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock worth $2,916,000 after purchasing an additional 90 shares during the period. Wernau Asset Management Inc. lifted its stake in shares of iShares TIPS Bond ETF by 4.6% in the first quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares during the period. Foster & Motley Inc. grew its position in iShares TIPS Bond ETF by 0.3% during the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock worth $3,646,000 after buying an additional 92 shares in the last quarter. Rock Point Advisors LLC grew its position in iShares TIPS Bond ETF by 4.6% during the fourth quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 93 shares in the last quarter. Finally, Auour Investments LLC increased its stake in iShares TIPS Bond ETF by 2.3% during the first quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock valued at $449,000 after acquiring an additional 93 shares during the period. 63.62% of the stock is currently owned by institutional investors.
iShares TIPS Bond ETF Price Performance
Shares of TIP stock opened at $107.63 on Friday. iShares TIPS Bond ETF has a one year low of $107.34 and a one year high of $112.26. The stock has a fifty day moving average price of $108.92 and a 200 day moving average price of $110.19. The stock has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.26.
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.
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