Global Endowment Management LP Has $8.27 Million Stock Position in iShares TIPS Bond ETF $TIP

Global Endowment Management LP lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,381 shares of the exchange traded fund’s stock after purchasing an additional 9,184 shares during the quarter. iShares TIPS Bond ETF comprises approximately 1.0% of Global Endowment Management LP’s holdings, making the stock its 20th largest position. Global Endowment Management LP owned 0.06% of iShares TIPS Bond ETF worth $8,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. Root Financial Partners LLC bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $33,000. Abound Wealth Management acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $41,000. Financial Gravity Companies Inc. acquired a new position in iShares TIPS Bond ETF during the second quarter worth $43,000. Johnson Financial Group Inc. bought a new stake in iShares TIPS Bond ETF during the second quarter valued at approximately $52,000. Finally, Vestwell Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $56,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.1%

TIP stock opened at $110.93 on Friday. The firm’s 50-day simple moving average is $110.74 and its 200 day simple moving average is $110.93. The stock has a market cap of $13.90 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26.

About iShares TIPS Bond ETF

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.