Kovitz Investment Group Partners LLC Boosts Stock Position in iShares TIPS Bond ETF $TIP

Kovitz Investment Group Partners LLC increased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,479 shares of the exchange traded fund’s stock after purchasing an additional 35,625 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.11% of iShares TIPS Bond ETF worth $15,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $432,000. Goldman Sachs Group Inc. lifted its stake in shares of iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after purchasing an additional 219,598 shares during the period. Brown Advisory Inc. boosted its position in shares of iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after purchasing an additional 1,717 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.3%

TIP opened at $109.39 on Friday. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a fifty day simple moving average of $110.66 and a two-hundred day simple moving average of $110.60. iShares TIPS Bond ETF has a 12-month low of $108.93 and a 12-month 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.