iShares TIPS Bond ETF $TIP Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 134,990 shares of the exchange traded fund’s stock, valued at approximately $14,044,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kintra Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 3.4% in the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 94 shares in the last quarter. FC Advisory LLC increased its stake in iShares TIPS Bond ETF by 1.9% in the second quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 102 shares during the last quarter. Capital Analysts LLC raised its holdings in iShares TIPS Bond ETF by 1.6% during the second quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock worth $790,000 after purchasing an additional 114 shares in the last quarter. Matrix Trust Co raised its holdings in iShares TIPS Bond ETF by 3.3% during the second quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 131 shares in the last quarter. Finally, William Howard & Co Financial Advisors Inc raised its holdings in iShares TIPS Bond ETF by 1.0% during the second quarter. William Howard & Co Financial Advisors Inc now owns 13,542 shares of the exchange traded fund’s stock worth $1,482,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.3%

Shares of NYSEARCA:TIP opened at $106.10 on Wednesday. The company has a market capitalization of $14.57 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98. The firm has a 50 day simple moving average of $105.66 and a 200-day simple moving average of $108.81.

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.