iShares TIPS Bond ETF $TIP Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,497 shares of the exchange traded fund’s stock after acquiring an additional 56,204 shares during the period. Rhumbline Advisers owned approximately 0.20% of iShares TIPS Bond ETF worth $28,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $33,000. Abound Wealth Management acquired a new position in iShares TIPS Bond ETF during the 3rd quarter worth $41,000. Financial Gravity Companies Inc. bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth $43,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth $47,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.1%

Shares of NYSEARCA TIP opened at $111.39 on Monday. The stock has a market cap of $13.96 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm’s 50-day simple moving average is $110.27 and its 200 day simple moving average is $110.79. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26.

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.