CI Investments Inc. Increases Stock Position in iShares TIPS Bond ETF $TIP

CI Investments Inc. boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 28.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,166,832 shares of the exchange traded fund’s stock after acquiring an additional 260,055 shares during the quarter. CI Investments Inc. owned 0.88% of iShares TIPS Bond ETF worth $128,772,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Marin Bay Wealth Advisors LLC purchased a new stake in iShares TIPS Bond ETF during the 1st quarter valued at $1,382,000. Florida Financial Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth $231,000. Balefire LLC boosted its stake in shares of iShares TIPS Bond ETF by 7.2% in the 1st quarter. Balefire LLC now owns 7,326 shares of the exchange traded fund’s stock worth $808,000 after buying an additional 493 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares TIPS Bond ETF by 1.7% in the first quarter. Parallel Advisors LLC now owns 50,714 shares of the exchange traded fund’s stock worth $5,597,000 after acquiring an additional 857 shares during the period. Finally, Aviance Capital Partners LLC grew its holdings in shares of iShares TIPS Bond ETF by 43.0% in the first quarter. Aviance Capital Partners LLC now owns 13,270 shares of the exchange traded fund’s stock worth $1,464,000 after acquiring an additional 3,991 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $107.88 on Wednesday. iShares TIPS Bond ETF has a one year low of $107.82 and a one year high of $112.26. The stock has a fifty day moving average of $109.39 and a 200 day moving average of $110.33. The stock has a market cap of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26.

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). 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.