iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Norden Group LLC

Norden Group LLC lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,756 shares of the exchange traded fund’s stock after acquiring an additional 3,749 shares during the quarter. Norden Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TIP. Brighton Jones LLC grew its position 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 valued at $1,583,000 after buying an additional 1,102 shares during the period. Pictet Asset Management Holding SA grew its position in iShares TIPS Bond ETF by 1.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 428,400 shares of the exchange traded fund’s stock valued at $45,646,000 after buying an additional 5,900 shares during the period. Level Four Advisory Services LLC grew its position in iShares TIPS Bond ETF by 32.9% during the fourth quarter. Level Four Advisory Services LLC now owns 4,918 shares of the exchange traded fund’s stock valued at $524,000 after buying an additional 1,217 shares during the period. Strategy Asset Managers LLC acquired a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $291,000. Finally, Rock Creek Group LP grew its position in iShares TIPS Bond ETF by 0.7% during the fourth quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock valued at $294,537,000 after buying an additional 18,908 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.83 on Monday. The firm has a market cap of $13.77 billion, a PE ratio of 12.40 and a beta of 0.19. The firm’s fifty day moving average is $109.13 and its 200 day moving average is $109.01. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $111.50.

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).