Bluefin Capital Management LLC Makes New $6.67 Million Investment in iShares TIPS Bond ETF $TIP

Bluefin Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,039 shares of the exchange traded fund’s stock, valued at approximately $6,670,000. iShares TIPS Bond ETF makes up 4.8% of Bluefin Capital Management LLC’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds have also modified their holdings of TIP. Brighton Jones LLC grew its stake in shares of iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares during the last quarter. Northern Trust Corp bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $829,000. BNP Paribas Financial Markets grew its stake in shares of iShares TIPS Bond ETF by 126.2% during the fourth quarter. BNP Paribas Financial Markets now owns 57,702 shares of the exchange traded fund’s stock valued at $6,148,000 after purchasing an additional 32,190 shares during the last quarter. Focus Partners Wealth grew its stake in shares of iShares TIPS Bond ETF by 108.3% during the fourth quarter. Focus Partners Wealth now owns 101,250 shares of the exchange traded fund’s stock valued at $10,788,000 after purchasing an additional 52,631 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $1,903,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

TIP opened at $111.47 on Wednesday. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $111.76. The company’s 50 day simple moving average is $110.18 and its 200-day simple moving average is $109.61. The stock has a market capitalization of $13.89 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).