Ocean Park Asset Management LLC Boosts Stock Position in iShares TIPS Bond ETF $TIP

Ocean Park Asset Management LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 91.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,100 shares of the exchange traded fund’s stock after acquiring an additional 90,300 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.0% of Ocean Park Asset Management LLC’s holdings, making the stock its 20th biggest position. Ocean Park Asset Management LLC owned about 0.14% of iShares TIPS Bond ETF worth $20,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of iShares TIPS Bond ETF by 8.0% in 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 period. AQR Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at $432,000. Goldman Sachs Group Inc. raised its position in shares of 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 valued at $54,099,000 after purchasing an additional 219,598 shares during the period. Brown Advisory Inc. lifted its stake in shares of 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 valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of 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 valued at $3,731,000 after buying an additional 1,717 shares in the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $106.89 on Wednesday. iShares TIPS Bond ETF has a fifty-two week low of $106.75 and a fifty-two week high of $112.26. The company has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average of $108.40 and a 200 day moving average of $110.03.

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.