Private Advisory Group LLC Makes New $3.98 Million Investment in iShares TIPS Bond ETF $TIP

Private Advisory Group LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,242 shares of the exchange traded fund’s stock, valued at approximately $3,979,000.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake 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 worth $2,685,035,000 after buying an additional 3,729,751 shares in the last quarter. Mather Group LLC. bought a new position in iShares TIPS Bond ETF in the third quarter worth approximately $240,163,000. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of iShares TIPS Bond ETF by 132.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock valued at $180,175,000 after buying an additional 987,700 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in shares of iShares TIPS Bond ETF by 28.7% in the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after acquiring an additional 260,055 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $104.77 on Friday. The company has a market capitalization of $14.29 billion, a PE ratio of 12.40 and a beta of 0.27. The company’s fifty day moving average price is $105.46 and its 200-day moving average price is $108.66. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $111.98.

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.