Rathbones Group PLC Has $6.46 Million Stake in iShares TIPS Bond ETF $TIP

Rathbones Group PLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,786 shares of the exchange traded fund’s stock after selling 4,588 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $6,461,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TIP. Brighton Jones LLC boosted its holdings in iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after purchasing an additional 1,102 shares during the last quarter. AQR Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the first quarter worth $432,000. Goldman Sachs Group Inc. boosted its holdings in iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after purchasing an additional 219,598 shares during the last quarter. Brown Advisory Inc. boosted its holdings in iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 134 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in iShares TIPS Bond ETF during the second quarter worth $292,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $110.76 on Tuesday. The stock has a market cap of $13.96 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average price of $110.87 and a two-hundred day moving average price of $110.82. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26.

About iShares TIPS Bond ETF

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.