iShares TIPS Bond ETF (NYSEARCA:TIP) Position Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 181,407 shares of the exchange traded fund’s stock after buying an additional 2,805 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.09% of iShares TIPS Bond ETF worth $19,499,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TIP. Trifecta Capital Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $27,000. Fortis Group Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the third quarter valued at $27,000. Life Planning Partners Inc acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $33,000. Finally, Covestor Ltd acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000.

iShares TIPS Bond ETF Stock Down 0.3 %

NYSEARCA:TIP opened at $106.91 on Thursday. The business’s 50-day moving average price is $106.31 and its 200 day moving average price is $106.66. The firm has a market cap of $18.55 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $108.54.

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).