HighTower Advisors LLC Grows Stake in iShares TIPS Bond ETF $TIP

HighTower Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,144 shares of the exchange traded fund’s stock after buying an additional 39,222 shares during the period. HighTower Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $34,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Brighton Jones LLC lifted its stake in shares of 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 worth $1,583,000 after buying an additional 1,102 shares during the period. AQR Capital Management LLC acquired a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $432,000. Goldman Sachs Group Inc. lifted its stake in shares of iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying 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 second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after buying an additional 134 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after buying an additional 1,717 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.0%

NYSEARCA:TIP opened at $110.38 on Friday. iShares TIPS Bond ETF has a 12 month low of $108.07 and a 12 month high of $112.26. The firm has a fifty day simple moving average of $110.92 and a 200-day simple moving average of $110.75. The company has a market capitalization of $14.60 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.