iShares TIPS Bond ETF $TIP Stock Holdings Lifted by Passaic Partners LLC

Passaic Partners LLC raised its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 124.5% in the second quarter, HoldingsChannel reports. The firm owned 349,260 shares of the exchange traded fund’s stock after buying an additional 193,664 shares during the quarter. iShares TIPS Bond ETF makes up 2.8% of Passaic Partners LLC’s investment portfolio, making the stock its 6th largest position. Passaic Partners LLC’s holdings in iShares TIPS Bond ETF were worth $38,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Valpey Financial Services LLC grew its position in iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares TIPS Bond ETF by 176.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after buying an additional 797,259 shares during the period. BNP Paribas Financial Markets increased its holdings in iShares TIPS Bond ETF by 615.5% during the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock valued at $72,203,000 after buying an additional 558,456 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC increased its holdings in iShares TIPS Bond ETF by 846.0% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock valued at $51,987,000 after buying an additional 423,000 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.0%

TIP opened at $106.97 on Friday. iShares TIPS Bond ETF has a 1-year low of $106.69 and a 1-year high of $112.26. The company has a market capitalization of $14.47 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s 50 day simple moving average is $107.58 and its two-hundred day simple moving average is $109.60.

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.