Vertex Investment Solutions Co. Ltd. Acquires 162,300 Shares of iShares TIPS Bond ETF $TIP

Vertex Investment Solutions Co. Ltd. increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 350.5% during the second quarter, Holdings Channel.com reports. The fund owned 208,600 shares of the exchange traded fund’s stock after purchasing an additional 162,300 shares during the quarter. iShares TIPS Bond ETF accounts for about 15.5% of Vertex Investment Solutions Co. Ltd.’s holdings, making the stock its 2nd biggest position. Vertex Investment Solutions Co. Ltd.’s holdings in iShares TIPS Bond ETF were worth $22,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TIP. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of iShares TIPS Bond ETF by 52.9% during the fourth quarter. Golden State Wealth Management LLC now owns 396 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.0%

NYSEARCA TIP opened at $106.97 on Friday. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company has a 50 day moving average of $107.58 and a 200-day moving average of $109.60. iShares TIPS Bond ETF has a 1-year low of $106.69 and a 1-year high of $112.26.

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.