Mechanics Bank Trust Department Sells 6,965 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Mechanics Bank Trust Department lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 75.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,275 shares of the exchange traded fund’s stock after selling 6,965 shares during the period. Mechanics Bank Trust Department’s holdings in iShares TIPS Bond ETF were worth $251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF during the first quarter valued at approximately $201,931,000. Marshall Wace LLP boosted its position in shares of iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock valued at $59,964,000 after buying an additional 16,839 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after buying an additional 107,653 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of iShares TIPS Bond ETF by 1.3% in the first quarter. Commonwealth Equity Services LLC now owns 455,508 shares of the exchange traded fund’s stock worth $48,926,000 after buying an additional 5,959 shares during the period.

iShares TIPS Bond ETF Stock Up 0.0 %

TIP opened at $109.48 on Monday. The business has a fifty day moving average of $109.51 and a 200 day moving average of $107.63. The stock has a market cap of $18.99 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $102.32 and a 52-week high of $111.06.

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).