iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,639,084 shares of the exchange traded fund’s stock after acquiring an additional 410,284 shares during the quarter. Envestnet Asset Management Inc. owned about 2.10% of iShares TIPS Bond ETF worth $388,581,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Gryphon Financial Partners LLC boosted its holdings in shares of iShares TIPS Bond ETF by 73.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 10,900 shares of the exchange traded fund’s stock valued at $1,172,000 after purchasing an additional 4,624 shares during the last quarter. Principal Financial Group Inc. increased its stake in iShares TIPS Bond ETF by 12.4% during the fourth quarter. Principal Financial Group Inc. now owns 13,460 shares of the exchange traded fund’s stock worth $1,447,000 after acquiring an additional 1,488 shares during the last quarter. AMG National Trust Bank increased its stake in iShares TIPS Bond ETF by 3.7% during the fourth quarter. AMG National Trust Bank now owns 32,506 shares of the exchange traded fund’s stock worth $3,494,000 after acquiring an additional 1,168 shares during the last quarter. Journey Strategic Wealth LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $259,000. Finally, TSA Wealth Managment LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $1,808,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $110.44 on Friday. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.53. The firm has a 50 day moving average price of $108.41 and a 200 day moving average price of $107.18. The company has a market cap of $19.16 billion, a PE ratio of 11.86 and a beta of 0.09.

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).