Bank of Montreal Can Raises Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Bank of Montreal Can grew its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) by 66.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 345,462 shares of the exchange traded fund’s stock after buying an additional 138,439 shares during the period. Bank of Montreal Can owned 0.13% of iShares TIPS Bond ETF worth $44,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $598,196,000. Envestnet Asset Management Inc. raised its stake in shares of iShares TIPS Bond ETF by 30.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,088,404 shares of the exchange traded fund’s stock valued at $1,820,222,000 after purchasing an additional 3,303,824 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 40.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,302,098 shares of the exchange traded fund’s stock valued at $1,201,830,000 after purchasing an additional 2,683,615 shares during the period. LPL Financial LLC raised its stake in shares of iShares TIPS Bond ETF by 103.4% during the 3rd quarter. LPL Financial LLC now owns 3,510,792 shares of the exchange traded fund’s stock valued at $448,293,000 after purchasing an additional 1,784,835 shares during the period. Finally, CWM LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $223,126,000.

Shares of NYSEARCA TIP opened at $118.60 on Friday. The stock’s 50-day simple moving average is $121.78 and its two-hundred day simple moving average is $125.41. iShares TIPS Bond ETF has a twelve month low of $117.02 and a twelve month high of $131.37.

About iShares TIPS Bond ETF (Get Rating)

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).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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