Envestnet Asset Management Inc. reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,787,188 shares of the exchange traded fund’s stock after selling 18,512 shares during the period. Envestnet Asset Management Inc. owned about 1.60% of iShares TIPS Bond ETF worth $321,892,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in TIP. Ellevest Inc. purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at approximately $25,000. Glassman Wealth Services purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at approximately $25,000. Gemmer Asset Management LLC increased its stake in shares of iShares TIPS Bond ETF by 11,750.0% in the first quarter. Gemmer Asset Management LLC now owns 237 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 235 shares in the last quarter. Coastal Capital Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter worth $28,000. Finally, Versant Capital Management Inc purchased a new stake in shares of iShares TIPS Bond ETF in the first quarter worth $30,000.
Shares of NYSEARCA TIP traded up $0.25 during midday trading on Thursday, reaching $117.29. The stock had a trading volume of 605,931 shares, compared to its average volume of 1,281,210. The business’s 50-day simple moving average is $115.37. iShares TIPS Bond ETF has a 12-month low of $107.53 and a 12-month high of $117.25.
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).
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