Mountain Capital Investment Advisors Inc bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 10,715 shares of the exchange traded fund’s stock, valued at approximately $1,368,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TIP. Jane Street Group LLC lifted its stake in iShares TIPS Bond ETF by 196.7% in the 3rd quarter. Jane Street Group LLC now owns 1,935,587 shares of the exchange traded fund’s stock worth $244,852,000 after purchasing an additional 1,283,225 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares TIPS Bond ETF by 161.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,070,529 shares of the exchange traded fund’s stock worth $262,710,000 after buying an additional 1,279,420 shares during the last quarter. Morgan Stanley increased its holdings in shares of iShares TIPS Bond ETF by 14.4% in the 3rd quarter. Morgan Stanley now owns 9,043,345 shares of the exchange traded fund’s stock worth $1,143,983,000 after buying an additional 1,136,054 shares during the last quarter. BlackRock Inc. increased its holdings in shares of iShares TIPS Bond ETF by 4.9% in the 3rd quarter. BlackRock Inc. now owns 18,520,895 shares of the exchange traded fund’s stock worth $2,342,893,000 after buying an additional 869,954 shares during the last quarter. Finally, Sumitomo Life Insurance Co. bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter worth $65,518,000.

Shares of NYSEARCA:TIP opened at $126.97 on Thursday. The company’s fifty day moving average price is $126.88 and its 200-day moving average price is $125.90. iShares TIPS Bond ETF has a one year low of $107.37 and a one year high of $127.92.

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).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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