Partners Capital Investment Group LLP Trims Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Partners Capital Investment Group LLP decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 55.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 567,366 shares of the exchange traded fund’s stock after selling 694,170 shares during the quarter. iShares TIPS Bond ETF comprises 1.7% of Partners Capital Investment Group LLP’s holdings, making the stock its 18th biggest position. Partners Capital Investment Group LLP’s holdings in iShares TIPS Bond ETF were worth $60,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TIP. FMR LLC increased its position in iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in iShares TIPS Bond ETF by 58.0% during the fourth 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 last quarter. International Assets Investment Management LLC increased its position in iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares during the last quarter. SG Americas Securities LLC increased its position in iShares TIPS Bond ETF by 25,645.3% during the fourth quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock worth $29,187,000 after purchasing an additional 272,866 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth approximately $18,602,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $108.61 on Monday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company has a 50 day moving average price of $107.37 and a 200 day moving average price of $108.41. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).