StoneX Group Inc. Acquires New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

StoneX Group Inc. purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,205 shares of the exchange traded fund’s stock, valued at approximately $1,087,000.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Rock Creek Group LP boosted its stake in shares of iShares TIPS Bond ETF by 0.7% during the 4th quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock valued at $294,537,000 after buying an additional 18,908 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in iShares TIPS Bond ETF by 58.0% during the 4th 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 last quarter. Assetmark Inc. grew its stake in 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 worth $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of iShares TIPS Bond ETF by 5.0% in the 4th quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock worth $117,620,000 after acquiring an additional 52,479 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $110.45 on Wednesday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.23. The firm has a fifty day moving average price of $109.13 and a two-hundred day moving average price of $108.57. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29.

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).