Rhumbline Advisers Has $28.75 Million Holdings in iShares TIPS Bond ETF $TIP

Rhumbline Advisers grew its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,497 shares of the exchange traded fund’s stock after purchasing an additional 56,204 shares during the period. Rhumbline Advisers’ holdings in iShares TIPS Bond ETF were worth $28,750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Gladwyn Financial Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in shares of iShares TIPS Bond ETF in the third quarter worth $33,000. Abound Wealth Management purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $41,000. Financial Gravity Companies Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth $43,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $47,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $111.39 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26. The stock’s 50-day moving average is $110.27 and its two-hundred day moving average is $110.79. The firm has a market cap of $13.96 billion, a P/E ratio of 12.40 and a beta of 0.26.

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.