iShares TIPS Bond ETF $TIP Stock Holdings Boosted by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC grew its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 38.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,150 shares of the exchange traded fund’s stock after buying an additional 9,842 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $3,657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIP. Bank of America Corp DE boosted its holdings in iShares TIPS Bond ETF by 18.1% in the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after acquiring an additional 3,729,751 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth $240,163,000. Kwmg LLC purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth $34,858,000. CI Investments Inc. increased its holdings in shares of iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after acquiring an additional 260,055 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after acquiring an additional 214,700 shares in the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $105.54 on Friday. The business has a fifty day moving average price of $105.89 and a 200-day moving average price of $108.36. The company has a market capitalization of $14.46 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $112.24.

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.