Renaissance Technologies LLC Makes New $17.38 Million Investment in iShares TIPS Bond ETF $TIP

Renaissance Technologies LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the first quarter, HoldingsChannel reports. The institutional investor purchased 157,504 shares of the exchange traded fund’s stock, valued at approximately $17,382,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its position in iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares during the last quarter. AQR Capital Management LLC bought a new position in iShares TIPS Bond ETF during the 1st quarter worth $432,000. Goldman Sachs Group Inc. boosted its position in shares of iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after acquiring an additional 219,598 shares during the period. Brown Advisory Inc. boosted its position in shares of iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after acquiring an additional 134 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after acquiring an additional 1,717 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $107.74 on Friday. iShares TIPS Bond ETF has a 52 week low of $107.39 and a 52 week high of $112.26. The firm’s 50-day simple moving average is $108.98 and its 200 day simple moving average is $110.21. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.