Pictet Asset Management Holding SA lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 132.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,732,000 shares of the exchange traded fund’s stock after acquiring an additional 987,700 shares during the period. Pictet Asset Management Holding SA owned about 1.26% of iShares TIPS Bond ETF worth $180,175,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in TIP. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $27,000. CX Institutional acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $29,000. Eastern Bank acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $35,000. Heritage Family Offices LLP purchased a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $38,000. Finally, Bell Investment Advisors Inc purchased a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 63.62% of the company’s stock.
iShares TIPS Bond ETF Stock Performance
NYSEARCA TIP opened at $106.27 on Monday. The firm’s 50 day moving average price is $105.58 and its two-hundred day moving average price is $108.75. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.
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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