Mirae Asset Global Investments Co. Ltd. Acquires New Stake in iShares TIPS Bond ETF $TIP

Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,990 shares of the exchange traded fund’s stock, valued at approximately $14,044,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of iShares TIPS Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TIP. Partners Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $1,028,000. Envestnet Asset Management Inc. raised its position in iShares TIPS Bond ETF by 3.5% in the 2nd 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 in the last quarter. Baird Financial Group Inc. raised its position in iShares TIPS Bond ETF by 44.1% in the 2nd quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after purchasing an additional 29,323 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of iShares TIPS Bond ETF by 12.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock valued at $46,094,000 after buying an additional 46,597 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $1,158,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $106.10 on Wednesday. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $111.98. The company has a market cap of $14.57 billion, a PE ratio of 12.40 and a beta of 0.27. The business has a 50-day simple moving average of $105.66 and a 200-day simple moving average of $108.81.

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.