Bank of Montreal Can Buys 847 Shares of iShares TIPS Bond ETF $TIP

Bank of Montreal Can lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,530 shares of the exchange traded fund’s stock after acquiring an additional 847 shares during the period. Bank of Montreal Can’s holdings in iShares TIPS Bond ETF were worth $2,919,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MMA Asset Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the second quarter worth $995,000. Meridian Management Co. boosted its holdings in shares of iShares TIPS Bond ETF by 15.5% during the 2nd quarter. Meridian Management Co. now owns 116,280 shares of the exchange traded fund’s stock worth $12,752,000 after buying an additional 15,580 shares during the period. Elm Partners Management LLC increased its stake in shares of iShares TIPS Bond ETF by 136.0% during the second quarter. Elm Partners Management LLC now owns 5,310 shares of the exchange traded fund’s stock worth $584,000 after purchasing an additional 3,060 shares during the period. Welch & Forbes LLC boosted its position in shares of iShares TIPS Bond ETF by 9.9% in the second quarter. Welch & Forbes LLC now owns 44,482 shares of the exchange traded fund’s stock valued at $4,895,000 after acquiring an additional 3,990 shares during the period. Finally, Marshall Financial Group Inc. ADV boosted its holdings in iShares TIPS Bond ETF by 3.6% in the 2nd quarter. Marshall Financial Group Inc. ADV now owns 12,241 shares of the exchange traded fund’s stock valued at $1,347,000 after purchasing an additional 429 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $111.13 on Thursday. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The company has a market capitalization of $14.11 billion, a P/E ratio of 12.40 and a beta of 0.26. The business’s 50 day simple moving average is $111.43 and its 200 day simple moving average is $110.20.

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).