iShares TIPS Bond ETF $TIP Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,491,300 shares of the exchange traded fund’s stock after buying an additional 214,700 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares TIPS Bond ETF were worth $164,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $26,000. Woodside Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 151 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $28,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $29,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $109.70 on Monday. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $108.88 and a 52 week high of $112.26. The stock’s 50-day moving average price is $110.44 and its 200-day moving average price is $110.55.

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.