Envestnet Asset Management Inc. Acquires 19,125 Shares of iShares TIPS Bond ETF $TIP

Envestnet Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.9% in the second quarter, HoldingsChannel reports. The fund owned 2,180,866 shares of the exchange traded fund’s stock after purchasing an additional 19,125 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares TIPS Bond ETF were worth $239,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Lyell Wealth Management LP lifted its stake in shares of iShares TIPS Bond ETF by 0.4% during the 2nd quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock valued at $2,675,000 after buying an additional 95 shares in the last quarter. Grey Fox Wealth Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF by 0.9% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 11,556 shares of the exchange traded fund’s stock valued at $1,284,000 after buying an additional 98 shares in the last quarter. Northwest Wealth Management LLC lifted its stake in shares of iShares TIPS Bond ETF by 1.1% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock valued at $1,029,000 after buying an additional 101 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of iShares TIPS Bond ETF by 25.7% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 509 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 104 shares in the last quarter. Finally, Country Club Bank lifted its stake in shares of iShares TIPS Bond ETF by 4.2% during the 1st quarter. Country Club Bank now owns 2,942 shares of the exchange traded fund’s stock valued at $326,000 after buying an additional 118 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP opened at $111.94 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The firm’s fifty day moving average is $111.34 and its 200 day moving average is $110.00. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).