90,000 Shares in iShares TIPS Bond ETF $TIP Bought by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position 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 institutional investor purchased 90,000 shares of the exchange traded fund’s stock, valued at approximately $10,010,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter worth about $432,000. Goldman Sachs Group Inc. raised its stake in iShares TIPS Bond ETF by 82.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after purchasing an additional 219,598 shares during the period. Ritholtz Wealth Management raised its stake in iShares TIPS Bond ETF by 11.5% during the 2nd quarter. Ritholtz Wealth Management now owns 2,459 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 253 shares during the period. Finally, Private Trust Co. NA lifted its holdings in iShares TIPS Bond ETF by 35.1% in the 2nd quarter. Private Trust Co. NA now owns 2,266 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 589 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $111.23 on Wednesday. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.47 and a 1-year high of $112.26. The business has a 50 day simple moving average of $110.32 and a two-hundred day simple moving average of $110.81.

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.