iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Bought by Private Portfolio Partners LLC

Private Portfolio Partners LLC lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 36.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,147 shares of the exchange traded fund’s stock after purchasing an additional 835 shares during the quarter. Private Portfolio Partners LLC’s holdings in iShares TIPS Bond ETF were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. grew 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 purchasing an additional 1,378,094 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $76,533,000. Sumitomo Life Insurance Co. grew its position in shares of iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after buying an additional 536,610 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $42,463,000. Finally, Raymond James Financial Inc. acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $37,033,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.28 on Thursday. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.23. The company’s fifty day moving average price is $109.20 and its two-hundred day moving average price is $108.58.

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).