4,472 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Purchased by May Barnhard Investments LLC

May Barnhard Investments LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,472 shares of the exchange traded fund’s stock, valued at approximately $477,000.

Several other hedge funds have also recently bought and sold shares of TIP. FMR LLC lifted its stake in iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. Assetmark Inc. lifted its stake in iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $76,533,000. Sumitomo Life Insurance Co. increased its holdings in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares during the period. Finally, Dynasty Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $42,463,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $109.68 on Friday. The stock’s 50-day moving average is $108.26 and its two-hundred day moving average is $108.53. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).