Cresset Asset Management LLC Grows Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Cresset Asset Management LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,906 shares of the exchange traded fund’s stock after purchasing an additional 306 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $499,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in iShares TIPS Bond ETF by 8.5% in the first quarter. BlackRock Inc. now owns 22,377,044 shares of the exchange traded fund’s stock worth $2,808,318,000 after acquiring an additional 1,751,808 shares in the last quarter. GenTrust LLC raised its position in iShares TIPS Bond ETF by 217.4% in the first quarter. GenTrust LLC now owns 480,673 shares of the exchange traded fund’s stock worth $60,608,000 after acquiring an additional 889,952 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares TIPS Bond ETF by 15.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,910,937 shares of the exchange traded fund’s stock worth $372,626,000 after acquiring an additional 399,232 shares in the last quarter. Barber Financial Group Inc. raised its position in iShares TIPS Bond ETF by 2,198.2% in the second quarter. Barber Financial Group Inc. now owns 319,124 shares of the exchange traded fund’s stock worth $40,851,000 after acquiring an additional 305,238 shares in the last quarter. Finally, Evoke Wealth LLC raised its position in iShares TIPS Bond ETF by 59.3% in the first quarter. Evoke Wealth LLC now owns 746,738 shares of the exchange traded fund’s stock worth $93,716,000 after acquiring an additional 277,844 shares in the last quarter.

NYSEARCA:TIP opened at $128.73 on Wednesday. The stock has a fifty day moving average price of $129.23 and a two-hundred day moving average price of $127.67. iShares TIPS Bond ETF has a 1 year low of $123.51 and a 1 year high of $130.65.

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).

Read More: High-Yield Dividend Stocks

Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.