398,503 Shares of iShares TIPS Bond ETF $TIP Bought by Rock Creek Group LLC

Rock Creek Group LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 398,503 shares of the exchange traded fund’s stock, valued at approximately $41,460,000. iShares TIPS Bond ETF comprises approximately 4.0% of Rock Creek Group LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of TIP. Bank of America Corp DE lifted its position in iShares TIPS Bond ETF by 18.1% in 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 purchasing an additional 3,729,751 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Pictet Asset Management Holding SA grew its holdings in shares of iShares TIPS Bond ETF by 132.7% in the third quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock worth $180,175,000 after purchasing an additional 987,700 shares during the last quarter. Keybank National Association OH bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $66,214,000. Finally, Kwmg LLC bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $34,858,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded down $0.16 during mid-day trading on Friday, hitting $104.61. The stock had a trading volume of 2,082,545 shares, compared to its average volume of 2,218,999. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $111.98. The business has a 50 day moving average price of $105.41 and a two-hundred day moving average price of $108.63. The firm has a market cap of $14.27 billion, a P/E ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF Company 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.