iShares TIPS Bond ETF $TIP Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 132.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,732,000 shares of the exchange traded fund’s stock after purchasing an additional 987,700 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares TIPS Bond ETF were worth $180,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TIP. Bank of America Corp DE grew its position in iShares TIPS Bond ETF by 18.1% during 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. acquired a new position in iShares TIPS Bond ETF in the 3rd quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after buying an additional 68,483 shares in the last quarter. CI Investments Inc. lifted its position in iShares TIPS Bond ETF by 28.7% in the 1st 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, Viewpoint Investment Partners Corp boosted its stake in shares of iShares TIPS Bond ETF by 26.7% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after buying an additional 126,040 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $106.27 on Monday. The firm has a fifty day moving average of $105.58 and a two-hundred day moving average of $108.75. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The firm has a market capitalization of $14.59 billion, a P/E ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF Company 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.