iShares TIPS Bond ETF $TIP Shares Newly Bought by White Pine Investment CO

White Pine Investment CO bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,185 shares of the exchange traded fund’s stock, valued at approximately $10,839,000. iShares TIPS Bond ETF makes up approximately 2.1% of White Pine Investment CO’s holdings, making the stock its 19th biggest holding. White Pine Investment CO owned 0.08% of iShares TIPS Bond ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TIP. Bank of America Corp DE grew its position in iShares TIPS Bond ETF by 18.1% in the first 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 acquiring an additional 3,729,751 shares in the last quarter. Mather Group LLC. purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. raised its position in iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares during the period. Pictet Asset Management Holding SA raised its position in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after purchasing an additional 214,700 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of iShares TIPS Bond ETF by 28.7% in the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after purchasing an additional 260,055 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $105.29 on Friday. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The business has a 50 day simple moving average of $105.92 and a 200-day simple moving average of $108.38. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.24.

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. 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.