iShares TIPS Bond ETF $TIP Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 24,329,782 shares of the exchange traded fund’s stock after purchasing an additional 3,729,751 shares during the period. Bank of America Corp DE owned approximately 0.18% of iShares TIPS Bond ETF worth $2,685,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $26,000. Woodside Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $107.77 on Thursday. iShares TIPS Bond ETF has a 12-month low of $107.39 and a 12-month high of $112.26. The company has a market capitalization of $14.58 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s 50-day moving average is $109.03 and its two-hundred day moving average is $110.23.

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.