Rathbones Group PLC Has $5.17 Million Stock Position in iShares TIPS Bond ETF $TIP

Rathbones Group PLC reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,842 shares of the exchange traded fund’s stock after selling 11,944 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $5,169,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 1,102 shares during the period. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the first quarter worth $432,000. Goldman Sachs Group Inc. grew its holdings in iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after purchasing an additional 219,598 shares during the period. Brown Advisory Inc. increased its stake in iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after purchasing an additional 1,717 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.7%

Shares of NYSEARCA TIP opened at $106.86 on Tuesday. The firm’s 50-day moving average price is $108.85 and its 200-day moving average price is $110.17. iShares TIPS Bond ETF has a 1-year low of $106.75 and a 1-year high of $112.26. The firm has a market capitalization of $14.46 billion, a P/E 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.