Pictet Asset Management Holding SA Increases Stock Holdings in iShares TIPS Bond ETF $TIP

Pictet Asset Management Holding SA raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,491,300 shares of the exchange traded fund’s stock after buying an additional 214,700 shares during the quarter. Pictet Asset Management Holding SA owned about 1.14% of iShares TIPS Bond ETF worth $164,565,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares in the last quarter. Valpey Financial Services LLC grew its position in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $187,000. Ameriprise Financial Inc. raised its holdings in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after buying an additional 797,259 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $109.70 on Monday. The company has a market capitalization of $14.51 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $108.88 and a 12 month high of $112.26. The firm has a fifty day simple moving average of $110.44 and a 200-day simple moving average of $110.55.

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. 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.