Robertson Stephens Wealth Management LLC Acquires 9,842 Shares of iShares TIPS Bond ETF $TIP

Robertson Stephens Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 38.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of iShares TIPS Bond ETF by 18.1% in the 1st 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 during the last quarter. Mather Group LLC. bought a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $240,163,000. Envestnet Asset Management Inc. grew its position in 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 grew its position in iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after acquiring an additional 214,700 shares during the last quarter. Finally, CI Investments Inc. increased its stake 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 purchasing an additional 260,055 shares during the period. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $105.54 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $112.24. The stock has a 50 day moving average price of $105.89 and a two-hundred day moving average price of $108.36. The company has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.27.

About iShares TIPS Bond ETF

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.