33,237 Shares of iShares TIPS Bond ETF $TIP Bought by Modera Wealth Management LLC

Modera Wealth Management LLC bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 33,237 shares of the exchange traded fund’s stock, valued at approximately $3,458,000.

A number of other institutional investors have also modified their holdings of TIP. Bank of America Corp DE grew its stake in iShares TIPS Bond ETF by 18.1% in the first 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 iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. raised its stake in 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 buying an additional 68,483 shares in the last quarter. CI Investments Inc. raised its stake in iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after buying an additional 260,055 shares in the last quarter. Finally, Viewpoint Investment Partners Corp lifted 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 buying an additional 126,040 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.2%

NYSEARCA:TIP opened at $106.69 on Friday. The company has a market cap of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27. The business’s 50 day moving average is $105.69 and its two-hundred day moving average is $108.85. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $111.98.

iShares TIPS Bond ETF 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.