Fell Capital Management ADV Buys New Shares in iShares TIPS Bond ETF $TIP

Fell Capital Management ADV purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, Holdings Channel.com reports. The firm purchased 8,920 shares of the exchange traded fund’s stock, valued at approximately $928,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after buying an additional 3,729,751 shares during the last quarter. Capitolis Liquid Global Markets LLC increased its position in shares of iShares TIPS Bond ETF by 846.0% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock valued at $51,987,000 after acquiring an additional 423,000 shares during the period. Kwmg LLC purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth $34,858,000. CI Investments Inc. lifted its position in iShares TIPS Bond ETF by 28.7% during the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after acquiring an additional 260,055 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after acquiring an additional 214,700 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $104.42 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.24. The firm has a market capitalization of $14.20 billion, a PE ratio of 12.40 and a beta of 0.27. The stock’s 50-day simple moving average is $106.09 and its 200-day simple moving average is $108.53.

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.