Passaic Partners LLC Has $38.22 Million Stock Holdings in iShares TIPS Bond ETF $TIP

Passaic Partners LLC lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 124.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,260 shares of the exchange traded fund’s stock after acquiring an additional 193,664 shares during the period. iShares TIPS Bond ETF makes up approximately 2.8% of Passaic Partners LLC’s portfolio, making the stock its 6th largest position. Passaic Partners LLC owned approximately 0.26% of iShares TIPS Bond ETF worth $38,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after buying an additional 3,729,751 shares during the last quarter. Valpey Financial Services LLC boosted its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after acquiring an additional 2,407,090 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after acquiring an additional 797,259 shares during the period. BNP Paribas Financial Markets grew its stake in shares of iShares TIPS Bond ETF by 615.5% in the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after acquiring an additional 558,456 shares during the period. Finally, Capitolis Liquid Global Markets LLC raised its holdings in shares of iShares TIPS Bond ETF by 846.0% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock valued at $51,987,000 after purchasing an additional 423,000 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.0%

Shares of iShares TIPS Bond ETF stock opened at $106.97 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.69 and a twelve month high of $112.26. The company’s 50 day moving average is $107.58 and its 200 day moving average is $109.60. The company has a market cap of $14.47 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.