Fifth Third Bancorp Acquires 43,084 Shares of iShares TIPS Bond ETF $TIP

Fifth Third Bancorp grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 694.1% in the first quarter, Holdings Channel reports. The firm owned 49,291 shares of the exchange traded fund’s stock after acquiring an additional 43,084 shares during the period. Fifth Third Bancorp’s holdings in iShares TIPS Bond ETF were worth $5,440,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Coastal Bridge Advisors LLC increased its stake in iShares TIPS Bond ETF by 0.3% in the 4th quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock worth $2,916,000 after buying an additional 90 shares during the period. Wernau Asset Management Inc. boosted its position in iShares TIPS Bond ETF by 4.6% in the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares during the period. Foster & Motley Inc. boosted its position in iShares TIPS Bond ETF by 0.3% in the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 92 shares during the period. Rock Point Advisors LLC boosted its position in iShares TIPS Bond ETF by 4.6% in the 4th quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 93 shares during the period. Finally, Auour Investments LLC grew its stake in iShares TIPS Bond ETF by 2.3% in the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after acquiring an additional 93 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.27 on Friday. The firm has a market cap of $14.55 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s 50 day simple moving average is $109.52 and its 200-day simple moving average is $110.36. iShares TIPS Bond ETF has a one year low of $107.82 and a one year high of $112.26.

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.