59,100 Shares in iShares TIPS Bond ETF $TIP Bought by Horizons Wealth Management

Horizons Wealth Management purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, Holdings Channel reports. The firm purchased 59,100 shares of the exchange traded fund’s stock, valued at approximately $6,149,000. iShares TIPS Bond ETF comprises approximately 3.8% of Horizons Wealth Management’s holdings, making the stock its 7th largest holding.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its stake in iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after buying an additional 3,729,751 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares TIPS Bond ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after buying an additional 68,483 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of iShares TIPS Bond ETF by 16.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after acquiring an additional 214,700 shares in the last quarter. CI Investments Inc. grew its holdings in shares of iShares TIPS Bond ETF by 28.7% in the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after acquiring an additional 260,055 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its position in shares of iShares TIPS Bond ETF by 4.2% in the first quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock valued at $52,290,000 after acquiring an additional 19,162 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock traded down $0.28 during mid-day trading on Monday, reaching $103.83. The company had a trading volume of 1,049,803 shares, compared to its average volume of 2,229,076. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $112.24. The stock has a 50 day simple moving average of $106.43 and a two-hundred day simple moving average of $108.75.

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.