iShares TIPS Bond ETF $TIP Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,499 shares of the exchange traded fund’s stock, valued at approximately $1,404,000.

A number of other large investors also recently modified their holdings of TIP. Bank of America Corp DE grew its holdings in shares of iShares TIPS Bond ETF by 18.1% during the 1st 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 during the period. Mather Group LLC. acquired a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Kwmg LLC acquired a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $34,858,000. CI Investments Inc. grew its stake in iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares during the period. Finally, Blue Edge Capital LLC purchased a new stake in iShares TIPS Bond ETF during the second quarter worth approximately $21,489,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $106.69 on Monday. The firm has a fifty day moving average of $105.69 and a 200-day moving average of $108.85. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $111.98. The firm has a market capitalization of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27.

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). 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.