Renaissance Technologies LLC Buys New Position in iShares TIPS Bond ETF $TIP

Renaissance Technologies LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 157,504 shares of the exchange traded fund’s stock, valued at approximately $17,382,000. Renaissance Technologies LLC owned approximately 0.12% of iShares TIPS Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Coastal Bridge Advisors LLC grew its position in iShares TIPS Bond ETF by 0.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock valued at $2,916,000 after purchasing an additional 90 shares in the last quarter. Wernau Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 4.6% in the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares during the last quarter. Foster & Motley Inc. lifted its position in iShares TIPS Bond ETF by 0.3% during the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock worth $3,646,000 after buying an additional 92 shares in the last quarter. Rock Point Advisors LLC lifted its position in iShares TIPS Bond ETF by 4.6% during the 4th quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 93 shares in the last quarter. Finally, Auour Investments LLC boosted its stake in shares of iShares TIPS Bond ETF by 2.3% during the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $107.74 on Friday. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business has a 50-day moving average of $108.98 and a 200-day moving average of $110.21. iShares TIPS Bond ETF has a fifty-two week low of $107.39 and a fifty-two week high of $112.26.

iShares TIPS Bond ETF Company 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.