Ellevest Inc. acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,100 shares of the exchange traded fund’s stock, valued at approximately $264,000.
A number of other institutional investors have also recently modified their holdings of TIP. JPMorgan Chase & Co. raised its holdings in iShares TIPS Bond ETF by 587.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,242,715 shares of the exchange traded fund’s stock worth $1,818,083,000 after buying an additional 12,172,186 shares during the last quarter. BlackRock Inc. increased its holdings in iShares TIPS Bond ETF by 11.4% during the fourth quarter. BlackRock Inc. now owns 20,625,236 shares of the exchange traded fund’s stock valued at $2,632,812,000 after buying an additional 2,104,341 shares during the last quarter. CI Investments Inc. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at approximately $194,238,000. The Manufacturers Life Insurance Company purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at approximately $166,137,000. Finally, FMR LLC increased its stake in shares of iShares TIPS Bond ETF by 11.5% in the fourth quarter. FMR LLC now owns 6,217,915 shares of the exchange traded fund’s stock worth $793,718,000 after purchasing an additional 639,433 shares in the last quarter.
Shares of NYSEARCA TIP opened at $127.60 on Wednesday. The firm has a fifty day moving average price of $126.31 and a 200-day moving average price of $126.42. iShares TIPS Bond ETF has a 1 year low of $120.25 and a 1 year high of $128.29.
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).
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