Ritholtz Wealth Management Buys 177 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ritholtz Wealth Management raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,206 shares of the exchange traded fund’s stock after purchasing an additional 177 shares during the quarter. Ritholtz Wealth Management’s holdings in iShares TIPS Bond ETF were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of iShares TIPS Bond ETF by 1,852.1% during the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after buying an additional 1,378,094 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of iShares TIPS Bond ETF by 3,416.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock valued at $111,285,000 after buying an additional 1,014,735 shares during the period. FMR LLC increased its stake in shares of iShares TIPS Bond ETF by 10.6% during the fourth quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after buying an additional 739,540 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $76,533,000. Finally, FIL Ltd increased its stake in shares of iShares TIPS Bond ETF by 121.0% during the fourth quarter. FIL Ltd now owns 946,857 shares of the exchange traded fund’s stock valued at $100,888,000 after buying an additional 518,387 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP opened at $109.29 on Friday. iShares TIPS Bond ETF has a 52-week low of $105.85 and a 52-week high of $111.51. The stock has a market capitalization of $13.91 billion, a PE ratio of 12.40 and a beta of 0.28. The stock’s 50 day moving average price is $108.90 and its 200-day moving average price is $108.58.

iShares TIPS Bond ETF 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).