Lido Advisors LLC Purchases 49,093 Shares of iShares TIPS Bond ETF $TIP

Lido Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,093 shares of the exchange traded fund’s stock, valued at approximately $5,108,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in iShares TIPS Bond ETF by 18.1% during the 1st 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 during the last quarter. Mather Group LLC. bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth $240,163,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of iShares TIPS Bond ETF by 132.7% during the third quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock valued at $180,175,000 after purchasing an additional 987,700 shares in the last quarter. Finally, CI Investments Inc. boosted its holdings in 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 worth $128,772,000 after purchasing an additional 260,055 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $104.77 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $111.98. The firm’s 50-day simple moving average is $105.46 and its 200 day simple moving average is $108.66. The stock has a market cap of $14.29 billion, a PE ratio of 12.40 and a beta of 0.27.

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.