iShares TIPS Bond ETF $TIP Shares Bought by Ellis Investment Partners LLC

Ellis Investment Partners LLC raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 70.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,696 shares of the exchange traded fund’s stock after purchasing an additional 11,474 shares during the period. Ellis Investment Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,882,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its stake in iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after acquiring an additional 3,729,751 shares in the last quarter. Mather Group LLC. purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $240,163,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after acquiring an additional 68,483 shares during the last quarter. Pictet Asset Management Holding SA raised its position in 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 purchasing an additional 214,700 shares in the last quarter. Finally, CI Investments Inc. lifted its position in iShares TIPS Bond ETF by 28.7% in the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.1%

Shares of TIP traded up $0.08 during trading hours on Wednesday, hitting $105.56. The company had a trading volume of 718,775 shares, compared to its average volume of 2,203,359. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.24. The stock’s 50 day moving average price is $105.83 and its 200 day moving average price is $108.27. The firm has a market cap of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.