398,503 Shares in iShares TIPS Bond ETF $TIP Bought by Rock Creek Group LLC

Rock Creek Group LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 398,503 shares of the exchange traded fund’s stock, valued at approximately $41,460,000. iShares TIPS Bond ETF makes up about 4.0% of Rock Creek Group LLC’s holdings, making the stock its 11th biggest position. Rock Creek Group LLC owned approximately 0.29% of iShares TIPS Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. purchased a new position in shares of iShares TIPS Bond ETF during the third quarter worth approximately $1,539,000. IFG Advisory LLC boosted its stake in shares of iShares TIPS Bond ETF by 25.7% in the 3rd quarter. IFG Advisory LLC now owns 2,954 shares of the exchange traded fund’s stock valued at $307,000 after purchasing an additional 604 shares in the last quarter. AlTi Global Inc. boosted its stake in shares of iShares TIPS Bond ETF by 21.6% in the 3rd quarter. AlTi Global Inc. now owns 2,980 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 530 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $6,297,000. Finally, Vista Capital Partners Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock traded down $0.16 on Friday, hitting $104.61. 2,082,545 shares of the company’s stock traded hands, compared to its average volume of 2,218,999. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $111.98. The company’s fifty day simple moving average is $105.41 and its 200 day simple moving average is $108.63. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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.