Sigma Investment Counselors Inc. Acquires New Stake in iShares TIPS Bond ETF $TIP

Sigma Investment Counselors Inc. acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,147 shares of the exchange traded fund’s stock, valued at approximately $2,824,000.

A number of other hedge funds have also made changes to their positions in TIP. Bank of America Corp DE raised its holdings in iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. acquired a new stake in iShares TIPS Bond ETF in the third quarter worth approximately $240,163,000. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after purchasing an additional 68,483 shares during the period. CI Investments Inc. boosted its stake in iShares TIPS Bond ETF by 28.7% during 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 purchasing an additional 260,055 shares in the last quarter. Finally, Viewpoint Investment Partners Corp boosted its stake in iShares TIPS Bond ETF by 26.7% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after purchasing an additional 126,040 shares in 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 $106.31 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.04. The firm has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27. The stock has a fifty day moving average price of $105.75 and a two-hundred day moving average price of $108.90.

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). 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.