iShares TIPS Bond ETF (NYSEARCA:TIP) Position Increased by Invst LLC

Invst LLC lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2,678.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 205,716 shares of the exchange traded fund’s stock after purchasing an additional 198,312 shares during the period. iShares TIPS Bond ETF comprises approximately 2.4% of Invst LLC’s portfolio, making the stock its 11th largest holding. Invst LLC’s holdings in iShares TIPS Bond ETF were worth $21,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TIP. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF in the first quarter worth about $201,931,000. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 102.5% in 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 purchasing an additional 648,150 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 valued at $388,581,000 after purchasing an additional 410,284 shares during the period. Quotient Wealth Partners LLC grew its stake in iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after buying an additional 365,458 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in iShares TIPS Bond ETF by 14,118.3% in the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock worth $38,531,000 after buying an additional 356,204 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.54 on Monday. The firm has a fifty day moving average of $109.06 and a 200-day moving average of $107.42. The company has a market cap of $19.18 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $111.06.

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).