Readystate Asset Management LP Invests $956,000 in iShares TIPS Bond ETF $TIP

Readystate Asset Management LP acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, Holdings Channel reports. The fund acquired 8,662 shares of the exchange traded fund’s stock, valued at approximately $956,000.

Several other hedge funds have also recently added to or reduced their stakes in TIP. Estate Counselors LLC acquired a new stake in iShares TIPS Bond ETF in the 1st quarter valued at approximately $6,021,000. Quantinno Capital Management LP lifted its holdings in shares of iShares TIPS Bond ETF by 25.5% during the first quarter. Quantinno Capital Management LP now owns 2,773 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 563 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $1,198,000. Ameraudi Asset Management Inc. boosted its position in shares of iShares TIPS Bond ETF by 11.4% in the first quarter. Ameraudi Asset Management Inc. now owns 86,778 shares of the exchange traded fund’s stock valued at $9,577,000 after acquiring an additional 8,904 shares during the period. Finally, Mustico Financial Group Inc. boosted its position in shares of iShares TIPS Bond ETF by 52.7% in the first quarter. Mustico Financial Group Inc. now owns 90,807 shares of the exchange traded fund’s stock valued at $10,021,000 after acquiring an additional 31,323 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of iShares TIPS Bond ETF stock opened at $107.77 on Thursday. iShares TIPS Bond ETF has a 1 year low of $107.39 and a 1 year high of $112.26. The company’s fifty day simple moving average is $109.03 and its 200-day simple moving average is $110.23. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.