Discovery Capital Management LLC CT Buys Shares of 5,862 iShares TIPS Bond ETF (NYSEARCA:TIP)

Discovery Capital Management LLC CT purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,862 shares of the exchange traded fund’s stock, valued at approximately $625,000.

Several other hedge funds also recently made changes to their positions in TIP. JPMorgan Chase & Co. boosted its stake in 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 worth $318,257,000 after purchasing an additional 51,713 shares during the period. Rock Creek Group LP increased its stake in iShares TIPS Bond ETF by 0.7% in the 4th quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock worth $294,537,000 after acquiring an additional 18,908 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in 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 acquiring an additional 536,610 shares during the last quarter. Assetmark Inc. lifted its stake in iShares TIPS Bond ETF by 1,852.1% during 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 during the last quarter. Finally, LPL Financial LLC lifted its stake in iShares TIPS Bond ETF by 5.0% during the fourth quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock worth $117,620,000 after purchasing an additional 52,479 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.4 %

Shares of iShares TIPS Bond ETF stock opened at $111.09 on Tuesday. The business’s 50-day moving average price is $109.07 and its 200-day moving average price is $108.57. The firm has a market capitalization of $14.56 billion, a PE ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.23.

About iShares TIPS Bond ETF

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).