Marin Bay Wealth Advisors LLC Invests $1.38 Million in iShares TIPS Bond ETF $TIP

Marin Bay Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,525 shares of the exchange traded fund’s stock, valued at approximately $1,382,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in iShares TIPS Bond ETF by 11.0% in the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after purchasing an additional 1,281,679 shares in the last quarter. Valpey Financial Services LLC increased its position in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $187,000. Pictet Asset Management Holding SA raised its stake in shares of iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after purchasing an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.88 on Wednesday. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business has a 50 day simple moving average of $109.39 and a 200 day simple moving average of $110.33. iShares TIPS Bond ETF has a 52 week low of $107.82 and a 52 week high of $112.26.

iShares TIPS Bond ETF Company 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. 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.