Norden Group LLC Buys 11,863 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Norden Group LLC boosted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 494.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,261 shares of the exchange traded fund’s stock after purchasing an additional 11,863 shares during the quarter. Norden Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of iShares TIPS Bond ETF in the first quarter worth about $201,931,000. Evoke Wealth LLC boosted its position in shares of iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after buying an additional 803,988 shares during the period. Sumitomo Life Insurance Co. boosted its position in iShares TIPS Bond ETF by 102.5% during the first quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after purchasing an additional 648,150 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in iShares TIPS Bond ETF by 6,782.8% during the second quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after purchasing an additional 365,458 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in iShares TIPS Bond ETF by 14,118.3% during the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock valued at $38,531,000 after purchasing an additional 356,204 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded up $0.07 during trading hours on Friday, hitting $109.49. 2,264,284 shares of the company traded hands, compared to its average volume of 1,948,479. The business’s 50-day moving average is $108.05 and its 200-day moving average is $107.04. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $109.99. The stock has a market capitalization of $19.00 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).