Mather Group LLC. Makes New $240.16 Million Investment in iShares TIPS Bond ETF $TIP

Mather Group LLC. acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,308,374 shares of the exchange traded fund’s stock, valued at approximately $240,163,000. iShares TIPS Bond ETF makes up 2.0% of Mather Group LLC.’s portfolio, making the stock its 11th biggest position. Mather Group LLC. owned about 1.69% of iShares TIPS Bond ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Summit Financial Strategies Inc. acquired a new stake in iShares TIPS Bond ETF during the third quarter worth approximately $230,000. Strategy Asset Managers LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $244,000. RCS Financial Planning LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $5,974,000. Adirondack Trust Co. purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $1,666,000. Finally, Focus Financial Network Inc. grew its stake in iShares TIPS Bond ETF by 45.4% in the 3rd quarter. Focus Financial Network Inc. now owns 3,694 shares of the exchange traded fund’s stock worth $384,000 after acquiring an additional 1,154 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $104.82 on Thursday. The stock has a fifty day moving average of $105.95 and a two-hundred day moving average of $108.41. The company has a market capitalization of $14.32 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.24.

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.