Passaic Partners LLC Takes Position in iShares TIPS Bond ETF $TIP

Passaic Partners LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 363,828 shares of the exchange traded fund’s stock, valued at approximately $39,988,000. iShares TIPS Bond ETF comprises about 4.1% of Passaic Partners LLC’s portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Park Avenue Securities LLC raised its stake in iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after purchasing an additional 21,372 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $834,000. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Keybank National Association OH raised its stake in iShares TIPS Bond ETF by 3.0% during the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after purchasing an additional 18,437 shares during the period. Finally, Envision Financial LLC raised its stake in iShares TIPS Bond ETF by 200.0% during the 4th quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after purchasing an additional 6,000 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.2%

Shares of NYSEARCA:TIP opened at $109.32 on Wednesday. The company’s fifty day moving average is $110.82 and its two-hundred day moving average is $110.68. iShares TIPS Bond ETF has a 12-month low of $108.18 and a 12-month high of $112.26. The company has a market cap of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.26.

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. 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.