DMC Group LLC Sells 6,515 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

DMC Group LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 40.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,676 shares of the exchange traded fund’s stock after selling 6,515 shares during the period. DMC Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,069,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after acquiring an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF during the first quarter valued at about $201,931,000. Sumitomo Life Insurance Co. bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $102,200,000. Marshall Wace LLP boosted its position in shares of iShares TIPS Bond ETF by 3.1% during the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after purchasing an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares TIPS Bond ETF by 30.2% in the 2nd 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 period.

iShares TIPS Bond ETF Stock Up 0.2 %

Shares of NYSEARCA:TIP opened at $109.36 on Friday. iShares TIPS Bond ETF has a twelve month low of $102.32 and a twelve month high of $111.06. The stock’s 50 day moving average is $109.62 and its 200-day moving average is $107.71. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

About iShares TIPS Bond ETF

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).