4,830 Shares in iShares TIPS Bond ETF $TIP Bought by XML Financial LLC

XML Financial LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, Holdings Channel.com reports. The firm acquired 4,830 shares of the exchange traded fund’s stock, valued at approximately $502,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. Bank of America Corp DE boosted its position in iShares TIPS Bond ETF by 18.1% during 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 during the period. Mather Group LLC. acquired a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 68,483 shares during the last quarter. CI Investments Inc. raised its position in shares of iShares TIPS Bond ETF by 28.7% in 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 purchasing an additional 260,055 shares during the period. Finally, Viewpoint Investment Partners Corp raised its position in shares of iShares TIPS Bond ETF by 26.7% in the third quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after purchasing an additional 126,040 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $106.10 on Thursday. The firm has a fifty day simple moving average of $105.63 and a 200-day simple moving average of $108.79. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $111.98. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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.