iShares TIPS Bond ETF $TIP Stock: Westside Investment Management Inc. Boosts Stake

Westside Investment Management Inc. lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 121.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,442 shares of the exchange traded fund’s stock after purchasing an additional 9,573 shares during the quarter. Westside Investment Management Inc.’s holdings in iShares TIPS Bond ETF were worth $1,815,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE raised its stake 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 valued at $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $240,163,000. Envestnet Asset Management Inc. increased its holdings in shares of iShares TIPS Bond ETF by 3.5% in 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. CI Investments Inc. increased 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 worth $128,772,000 after buying an additional 260,055 shares during the last quarter. Finally, Viewpoint Investment Partners Corp raised its position in shares of 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 buying an additional 126,040 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of NYSEARCA TIP opened at $106.26 on Friday. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The firm’s 50-day moving average price is $105.60 and its 200-day moving average price is $108.77. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 12.40 and a beta of 0.29.

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.