Arrowpoint Investment Partners Singapore Pte. Ltd. Buys Shares of 7,500 iShares TIPS Bond ETF $TIP

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,500 shares of the exchange traded fund’s stock, valued at approximately $834,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its position in shares of iShares TIPS Bond ETF by 4,627.6% during the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock worth $320,274,000 after purchasing an additional 2,848,700 shares during the period. Bank of America Corp DE boosted its position in shares of iShares TIPS Bond ETF by 11.0% in the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after purchasing an additional 1,281,679 shares during the period. BNP Paribas Financial Markets increased its stake in iShares TIPS Bond ETF by 615.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after purchasing an additional 558,456 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in iShares TIPS Bond ETF by 44.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after purchasing an additional 451,450 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.71 on Friday. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26. The company has a 50-day moving average of $110.75 and a two-hundred day moving average of $110.93. The stock has a market cap of $13.87 billion, a price-to-earnings 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.