Townsquare Capital LLC Decreases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Townsquare Capital LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,410 shares of the exchange traded fund’s stock after selling 9,063 shares during the period. Townsquare Capital LLC owned 0.10% of iShares TIPS Bond ETF worth $18,273,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in shares of iShares TIPS Bond ETF by 106.7% in the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after buying an additional 3,608,542 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after buying an additional 410,284 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth about $102,200,000. Marshall Wace LLP lifted its position in shares of iShares TIPS Bond ETF by 3.1% in the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after buying an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after purchasing an additional 107,653 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $108.11 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $104.25 and a 1 year high of $111.06. The stock’s 50 day simple moving average is $108.94 and its two-hundred day simple moving average is $108.13. The company has a market cap of $18.76 billion, a PE ratio of 11.86 and a beta of 0.09.

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).