Brighton Jones LLC Has $1.59 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Brighton Jones LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,877 shares of the exchange traded fund’s stock after selling 169 shares during the period. Brighton Jones LLC’s holdings in iShares TIPS Bond ETF were worth $1,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after acquiring an additional 410,284 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF during the 1st quarter worth $201,931,000. Sumitomo Life Insurance Co. lifted its position in iShares TIPS Bond ETF by 102.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after acquiring an additional 648,150 shares during the last quarter. Evoke Wealth LLC raised its position in shares of iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after buying an additional 803,988 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after buying an additional 107,653 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.55 on Friday. The company has a 50-day simple moving average of $108.77 and a 200-day simple moving average of $107.31. The firm has a market capitalization of $19.18 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $111.06.

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).