Vertex Investment Solutions Co. Ltd. boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 350.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,600 shares of the exchange traded fund’s stock after purchasing an additional 162,300 shares during the quarter. iShares TIPS Bond ETF comprises approximately 15.5% of Vertex Investment Solutions Co. Ltd.’s investment portfolio, making the stock its 2nd biggest position. Vertex Investment Solutions Co. Ltd. owned about 0.15% of iShares TIPS Bond ETF worth $22,925,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TIP. Brighton Jones LLC grew its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares during the last quarter. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the first quarter worth approximately $432,000. Goldman Sachs Group Inc. lifted its position in iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after acquiring an additional 219,598 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after acquiring an additional 134 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,717 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Trading Down 0.0%
iShares TIPS Bond ETF stock opened at $106.97 on Friday. The company 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 12 month low of $106.69 and a 12 month high of $112.26. The stock’s 50 day moving average is $107.58 and its 200-day moving average is $109.60.
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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