FIL Ltd Grows Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

FIL Ltd increased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 121.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 946,857 shares of the exchange traded fund’s stock after buying an additional 518,387 shares during the period. FIL Ltd owned 0.55% of iShares TIPS Bond ETF worth $100,888,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in iShares TIPS Bond ETF by 18.3% during the fourth quarter. Legal & General Group Plc now owns 32,903 shares of the exchange traded fund’s stock worth $3,506,000 after buying an additional 5,100 shares in the last quarter. Invesco Ltd. boosted its holdings in iShares TIPS Bond ETF by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,343 shares of the exchange traded fund’s stock worth $463,000 after buying an additional 116 shares in the last quarter. Certior Financial Group LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $1,965,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in iShares TIPS Bond ETF by 20.6% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 40,230 shares of the exchange traded fund’s stock valued at $4,287,000 after purchasing an additional 6,868 shares in the last quarter. Finally, FMR LLC lifted its holdings in iShares TIPS Bond ETF by 10.6% during the fourth quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after purchasing an additional 739,540 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.2 %

TIP opened at $109.23 on Thursday. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.51. The firm’s fifty day simple moving average is $109.46 and its two-hundred day simple moving average is $108.55.

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).