Citigroup Inc. Acquires 7,069 Shares of iShares TIPS Bond ETF $TIP

Citigroup Inc. grew its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,230 shares of the exchange traded fund’s stock after buying an additional 7,069 shares during the quarter. Citigroup Inc. owned approximately 0.07% of iShares TIPS Bond ETF worth $10,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $33,000. Abound Wealth Management bought a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $41,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $43,000. Johnson Financial Group Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $52,000. Finally, Vestwell Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $111.88 on Friday. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock’s fifty day moving average price is $110.50 and its two-hundred day moving average price is $110.87. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26.

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). 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.