Point72 Asset Management L.P. Invests $279,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Point72 Asset Management L.P. bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,526 shares of the exchange traded fund’s stock, valued at approximately $279,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of iShares TIPS Bond ETF by 26.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 831 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 175 shares in the last quarter. Gradient Investments LLC raised its position in iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares during the period. Spectrum Planning & Advisory Services Inc. acquired a new position in iShares TIPS Bond ETF during the second quarter worth $387,000. Shilanski & Associates Inc. lifted its holdings in iShares TIPS Bond ETF by 3.5% during the second quarter. Shilanski & Associates Inc. now owns 83,433 shares of the exchange traded fund’s stock valued at $8,909,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Verger Capital Management LLC grew its position in shares of iShares TIPS Bond ETF by 1.2% in the second quarter. Verger Capital Management LLC now owns 65,498 shares of the exchange traded fund’s stock valued at $6,994,000 after purchasing an additional 754 shares during the period.

iShares TIPS Bond ETF Stock Down 0.3 %

TIP opened at $108.08 on Friday. The company has a market cap of $18.75 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The company has a 50-day moving average price of $108.51 and a 200 day moving average price of $108.28.

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).