636,428 Shares of iShares TIPS Bond ETF $TIP Bought by Keybank National Association OH

Keybank National Association OH acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 636,428 shares of the exchange traded fund’s stock, valued at approximately $66,214,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. Bank of America Corp DE lifted its position in shares of iShares TIPS Bond ETF by 18.1% during 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 buying an additional 3,729,751 shares in the last quarter. Mather Group LLC. bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF by 3.5% in 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 in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of iShares TIPS Bond ETF by 132.7% in the third quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock valued at $180,175,000 after acquiring an additional 987,700 shares in the last quarter. Finally, CI Investments Inc. increased its position in shares of 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 acquiring an additional 260,055 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.7%

Shares of TIP opened at $105.29 on Wednesday. The stock has a 50 day moving average of $105.53 and a 200 day moving average of $108.71. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. 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.