Waverly Advisors LLC grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 36.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 61,856 shares of the exchange traded fund’s stock after buying an additional 16,632 shares during the period. Waverly Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $6,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of iShares TIPS Bond ETF by 11.0% during the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after buying an additional 1,281,679 shares during the last quarter. Valpey Financial Services LLC grew its position in iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after buying an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at about $187,000. Pictet Asset Management Holding SA increased its stake in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after acquiring an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after acquiring an additional 417,901 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Trading Down 0.1%
Shares of TIP stock opened at $107.39 on Tuesday. The stock has a 50 day moving average of $109.13 and a two-hundred day moving average of $110.26. iShares TIPS Bond ETF has a 12 month low of $107.39 and a 12 month high of $112.26. The company has a market capitalization of $14.51 billion, a P/E 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). 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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Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
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