Envestnet Asset Management Inc. Purchases 19,125 Shares of iShares TIPS Bond ETF $TIP

Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,180,866 shares of the exchange traded fund’s stock after acquiring an additional 19,125 shares during the period. Envestnet Asset Management Inc. owned approximately 1.74% of iShares TIPS Bond ETF worth $239,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TIP. Lyell Wealth Management LP grew its position in iShares TIPS Bond ETF by 0.4% in the 2nd quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock worth $2,675,000 after purchasing an additional 95 shares during the period. Grey Fox Wealth Advisors LLC grew its position in iShares TIPS Bond ETF by 0.9% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 11,556 shares of the exchange traded fund’s stock worth $1,284,000 after purchasing an additional 98 shares during the period. Northwest Wealth Management LLC grew its position in iShares TIPS Bond ETF by 1.1% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock worth $1,029,000 after purchasing an additional 101 shares during the period. Strategic Investment Solutions Inc. IL grew its position in iShares TIPS Bond ETF by 25.7% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 509 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 104 shares during the period. Finally, Country Club Bank grew its position in iShares TIPS Bond ETF by 4.2% in the 1st quarter. Country Club Bank now owns 2,942 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 118 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $111.94 on Tuesday. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The firm has a fifty day moving average price of $111.34 and a 200-day moving average price of $110.00. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).