Park Avenue Securities LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) in the third quarter, HoldingsChannel.com reports. The firm purchased 13,499 shares of the exchange traded fund’s stock, valued at approximately $1,404,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after buying an additional 3,729,751 shares during the last quarter. Mather Group LLC. purchased a new position in iShares TIPS Bond ETF in the third quarter valued at about $240,163,000. Envestnet Asset Management Inc. increased its holdings in iShares TIPS Bond ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after purchasing an additional 68,483 shares during the last quarter. CI Investments Inc. increased its holdings in iShares TIPS Bond ETF by 28.7% during the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after purchasing an additional 260,055 shares during the last quarter. Finally, Viewpoint Investment Partners Corp increased its holdings in iShares TIPS Bond ETF by 26.7% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock worth $56,551,000 after purchasing an additional 126,040 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Stock Performance
iShares TIPS Bond ETF stock opened at $106.69 on Monday. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $111.98. The stock has a market cap of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27. The stock has a 50 day moving average of $105.69 and a 200-day moving average of $108.85.
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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.
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