M&T Bank Corp Buys 2,993 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

M&T Bank Corp boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,934 shares of the exchange traded fund’s stock after buying an additional 2,993 shares during the period. M&T Bank Corp’s holdings in iShares TIPS Bond ETF were worth $4,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $30,000. Kestra Investment Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $82,000.

iShares TIPS Bond ETF Trading Down 0.2 %

iShares TIPS Bond ETF stock opened at $109.46 on Friday. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The stock has a fifty day simple moving average of $108.01 and a two-hundred day simple moving average of $108.51. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06.

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).