33,237 Shares of iShares TIPS Bond ETF $TIP Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, HoldingsChannel reports. The fund acquired 33,237 shares of the exchange traded fund’s stock, valued at approximately $3,458,000.

Other institutional investors have also modified their holdings of the company. Partners Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $1,028,000. Envestnet Asset Management Inc. raised its position 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 purchasing an additional 68,483 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 44.1% in the 2nd quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock worth $10,490,000 after purchasing an additional 29,323 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 12.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock worth $46,094,000 after purchasing an additional 46,597 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $1,158,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $106.69 on Friday. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The firm has a market capitalization of $14.63 billion, a P/E ratio of 12.40 and a beta of 0.27. The business has a 50 day simple moving average of $105.69 and a 200 day simple moving average of $108.85.

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.