Union Bancaire Privee UBP SA Makes New Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Union Bancaire Privee UBP SA bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,675 shares of the exchange traded fund’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its stake in iShares TIPS Bond ETF by 106.7% in the 3rd 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 period. JPMorgan Chase & Co. lifted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after buying an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares during the period. Baldwin Wealth Partners LLC MA grew its stake in iShares TIPS Bond ETF by 52.6% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock valued at $45,729,000 after acquiring an additional 147,849 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake 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 valued at $44,412,000 after acquiring an additional 398,292 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $109.16 on Tuesday. The company has a market capitalization of $13.97 billion, a PE ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The business’s fifty day moving average is $107.43 and its 200 day moving average is $108.43.

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).