Passaic Partners LLC Makes New $39.99 Million Investment in iShares TIPS Bond ETF $TIP

Passaic Partners LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 363,828 shares of the exchange traded fund’s stock, valued at approximately $39,988,000. iShares TIPS Bond ETF accounts for about 4.1% of Passaic Partners LLC’s investment portfolio, making the stock its 6th largest holding. Passaic Partners LLC owned approximately 0.29% of iShares TIPS Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Group LLC NE lifted its position in iShares TIPS Bond ETF by 1.6% in the fourth quarter. Cornerstone Financial Group LLC NE now owns 34,612 shares of the exchange traded fund’s stock worth $3,804,000 after purchasing an additional 537 shares during the period. Alteri Wealth LLC lifted its position in iShares TIPS Bond ETF by 3.8% in the fourth quarter. Alteri Wealth LLC now owns 3,308 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 120 shares during the period. TIAA Trust National Association lifted its position in iShares TIPS Bond ETF by 1.0% in the fourth quarter. TIAA Trust National Association now owns 41,994 shares of the exchange traded fund’s stock worth $4,616,000 after purchasing an additional 422 shares during the period. Cerity Partners LLC lifted its position in iShares TIPS Bond ETF by 36.9% in the fourth quarter. Cerity Partners LLC now owns 65,199 shares of the exchange traded fund’s stock worth $7,166,000 after purchasing an additional 17,563 shares during the period. Finally, Franklin Resources Inc. lifted its position in iShares TIPS Bond ETF by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 36,027 shares of the exchange traded fund’s stock worth $3,960,000 after purchasing an additional 432 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

TIP opened at $109.32 on Wednesday. The company has a market capitalization of $14.46 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 $108.18 and a 1-year high of $112.26. The business has a 50 day moving average price of $110.82 and a two-hundred day moving average price of $110.68.

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.