Aveo Capital Partners LLC Makes New Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Aveo Capital Partners LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 74,284 shares of the exchange traded fund’s stock, valued at approximately $7,932,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $201,931,000. Sumitomo Life Insurance Co. raised its holdings in iShares TIPS Bond ETF by 102.5% during the first quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after purchasing an additional 648,150 shares during the last quarter. Evoke Wealth LLC boosted its position in iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after purchasing an additional 803,988 shares in the last quarter. Campbell Wealth Management grew its holdings in iShares TIPS Bond ETF by 2.0% in the fourth quarter. Campbell Wealth Management now owns 506,023 shares of the exchange traded fund’s stock valued at $54,392,000 after purchasing an additional 9,857 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of iShares TIPS Bond ETF by 30.2% in 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 in the last quarter.

iShares TIPS Bond ETF Stock Up 0.2 %

NYSEARCA:TIP opened at $109.06 on Wednesday. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $109.61. The stock has a fifty day simple moving average of $107.90 and a 200-day simple moving average of $106.98. The company has a market capitalization of $18.92 billion, a PE ratio of 11.86 and a beta of 0.09.

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).