Vertex Investment Solutions Co. Ltd. Buys Shares of 95,200 iShares TIPS Bond ETF $TIP

Vertex Investment Solutions Co. Ltd. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, Holdings Channel.com reports. The fund bought 95,200 shares of the exchange traded fund’s stock, valued at approximately $10,486,000. iShares TIPS Bond ETF comprises 10.4% of Vertex Investment Solutions Co. Ltd.’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC increased its holdings in shares of iShares TIPS Bond ETF by 339.0% in the fourth quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock worth $3,042,000 after purchasing an additional 21,372 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth $834,000. Bank of America Corp DE increased its holdings in shares of iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Keybank National Association OH increased its holdings in shares of iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after purchasing an additional 18,437 shares during the period. Finally, Envision Financial LLC increased its holdings in shares of iShares TIPS Bond ETF by 200.0% in the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock worth $989,000 after purchasing an additional 6,000 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $110.61 on Friday. The stock has a market cap of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The firm’s fifty day moving average price is $111.01 and its 200-day moving average price is $110.79.

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.