Founders Financial Securities LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,180 shares of the exchange traded fund’s stock, valued at approximately $747,000.
Other hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its stake 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 worth $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after acquiring an additional 68,483 shares during the period. CI Investments Inc. lifted its position in shares of iShares TIPS Bond ETF by 28.7% in the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after acquiring an additional 260,055 shares in the last quarter. Finally, Viewpoint Investment Partners Corp grew its position 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 in the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Stock Up 0.2%
Shares of NYSEARCA:TIP opened at $106.69 on Friday. The company has a market cap of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27. The company’s fifty day moving average is $105.69 and its two-hundred day moving average is $108.85. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98.
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). 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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