Discovery Capital Management LLC CT Invests $625,000 in iShares TIPS Bond ETF (NYSEARCA:TIP)

Discovery Capital Management LLC CT bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,862 shares of the exchange traded fund’s stock, valued at approximately $625,000.

Several other hedge funds also recently modified their holdings of TIP. Kohmann Bosshard Financial Services LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $45,000. Runnymede Capital Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at $47,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

TIP opened at $111.09 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.23. The firm has a market capitalization of $14.56 billion, a PE ratio of 12.43 and a beta of 0.29. The company’s 50-day moving average is $109.07 and its 200 day moving average is $108.57.

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).