Global Endowment Management LP Purchases 9,184 Shares of iShares TIPS Bond ETF $TIP

Global Endowment Management LP increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% during the third quarter, HoldingsChannel.com reports. The firm owned 74,381 shares of the exchange traded fund’s stock after acquiring an additional 9,184 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.0% of Global Endowment Management LP’s holdings, making the stock its 20th largest holding. Global Endowment Management LP’s holdings in iShares TIPS Bond ETF were worth $8,273,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $432,000. Goldman Sachs Group Inc. lifted its position in iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying an additional 219,598 shares in the last quarter. Bank of Montreal Can boosted its position in iShares TIPS Bond ETF by 3.3% during the second quarter. Bank of Montreal Can now owns 26,530 shares of the exchange traded fund’s stock valued at $2,919,000 after purchasing an additional 847 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in iShares TIPS Bond ETF by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 392,801 shares of the exchange traded fund’s stock worth $43,224,000 after acquiring an additional 15,949 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.93 on Friday. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.47 and a 52 week high of $112.26. The company has a 50-day simple moving average of $110.74 and a 200 day simple moving average of $110.93.

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.