iShares TIPS Bond ETF $TIP Stock: TD Waterhouse Canada Inc. Grows Holdings

TD Waterhouse Canada Inc. grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.6% in the third quarter, HoldingsChannel.com reports. The firm owned 445,208 shares of the exchange traded fund’s stock after purchasing an additional 19,537 shares during the period. TD Waterhouse Canada Inc.’s holdings in iShares TIPS Bond ETF were worth $46,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of iShares TIPS Bond ETF by 18.1% in the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. purchased a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Kwmg LLC bought a new stake in iShares TIPS Bond ETF during the third quarter worth $34,858,000. CI Investments Inc. grew its holdings in iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after buying an additional 214,700 shares in the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

NYSEARCA TIP traded up $0.25 on Friday, reaching $105.54. The company had a trading volume of 1,864,196 shares, compared to its average volume of 2,217,424. The stock has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.27. The company’s fifty day moving average is $105.89 and its 200 day moving average is $108.36. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.24.

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.