Bank of Marin Buys 137 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Bank of Marin raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,220 shares of the exchange traded fund’s stock after buying an additional 137 shares during the period. Bank of Marin’s holdings in iShares TIPS Bond ETF were worth $982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TIP. FMR LLC raised its stake in iShares TIPS Bond ETF by 106.7% in the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after buying an additional 3,608,542 shares during the period. Assetmark Inc. grew its position in shares of iShares TIPS Bond ETF by 1,852.1% in the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after purchasing an additional 1,378,094 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $76,533,000. Sumitomo Life Insurance Co. grew 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 purchasing an additional 536,610 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $42,463,000.

iShares TIPS Bond ETF Trading Up 0.1 %

iShares TIPS Bond ETF stock opened at $109.57 on Wednesday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock’s 50 day moving average is $108.44 and its 200-day moving average is $108.53. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28.

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).