104,185 Shares of iShares TIPS Bond ETF $TIP Acquired by White Pine Investment CO

White Pine Investment CO purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 104,185 shares of the exchange traded fund’s stock, valued at approximately $10,839,000. iShares TIPS Bond ETF comprises about 2.1% of White Pine Investment CO’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $25,000. CX Institutional purchased a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $29,000. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $35,000. Timbuktu Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $52,000. Finally, Realta Investment Advisors grew its stake in shares of iShares TIPS Bond ETF by 159.2% during the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 320 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $105.29 on Friday. The business’s 50 day moving average price is $105.92 and its 200-day moving average price is $108.38. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.24. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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.