Envision Financial LLC Raises Stake in iShares TIPS Bond ETF $TIP

Envision Financial LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 200.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the exchange traded fund’s stock after purchasing an additional 6,000 shares during the quarter. iShares TIPS Bond ETF comprises about 0.5% of Envision Financial LLC’s investment portfolio, making the stock its 28th largest position. Envision Financial LLC’s holdings in iShares TIPS Bond ETF were worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Holos Integrated Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000. Abound Wealth Management acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $41,000. Triumph Capital Management purchased a new position in iShares TIPS Bond ETF in the third quarter valued at about $51,000. Finally, Johnson Financial Group Inc. purchased a new position in iShares TIPS Bond ETF in the second quarter valued at about $52,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.8%

TIP stock opened at $110.22 on Friday. The firm has a 50 day moving average of $110.84 and a 200-day moving average of $110.92. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $106.47 and a 12-month high of $112.26.

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.