Rathbones Group PLC Reduces Stake in iShares TIPS Bond ETF $TIP

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

A number of other institutional investors have also added to or reduced their stakes in TIP. Brighton Jones LLC lifted its holdings in iShares TIPS Bond ETF by 8.0% during the 4th 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 in the last quarter. AQR Capital Management LLC purchased a new stake in iShares TIPS Bond ETF during the 1st quarter worth about $432,000. Goldman Sachs Group Inc. lifted its holdings 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 worth $54,099,000 after purchasing an additional 219,598 shares in the last quarter. Brown Advisory Inc. lifted its holdings in iShares TIPS Bond ETF by 5.1% during the 2nd 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in iShares TIPS Bond ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after purchasing an additional 1,717 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.37 on Friday. The stock’s 50-day simple moving average is $110.93 and its 200 day simple moving average is $110.75. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52-week low of $107.98 and a 52-week high of $112.26.

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.