Pure Portfolios Holdings LLC Purchases New Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pure Portfolios Holdings LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 15,181 shares of the exchange traded fund’s stock, valued at approximately $1,677,000. iShares TIPS Bond ETF comprises about 0.6% of Pure Portfolios Holdings LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after acquiring an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at $201,931,000. Sumitomo Life Insurance Co. bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $102,200,000. Marshall Wace LLP raised its holdings in shares of iShares TIPS Bond ETF by 3.1% during the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after buying an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in iShares TIPS Bond ETF by 30.2% in the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after buying an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

TIP opened at $109.36 on Friday. The company’s 50 day moving average is $109.62 and its 200-day moving average is $107.71. The company has a market cap of $18.97 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $102.32 and a 1-year high of $111.06.

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).