Grove Street Fiduciary LLC Invests $244,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Grove Street Fiduciary LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,288 shares of the exchange traded fund’s stock, valued at approximately $244,000.

Several other large investors have also recently added to or reduced their stakes in TIP. FMR LLC boosted its position in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after buying an additional 3,608,542 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares during the period. International Assets Investment Management LLC boosted its holdings in iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the period. SG Americas Securities LLC grew its stake in iShares TIPS Bond ETF by 25,645.3% during the 4th quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock worth $29,187,000 after purchasing an additional 272,866 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $18,602,000.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $108.70 on Friday. The business’s 50-day moving average is $107.36 and its two-hundred day moving average is $108.41. The firm has a market capitalization of $18.86 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06.

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).