iShares TIPS Bond ETF $TIP Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,427 shares of the exchange traded fund’s stock after selling 5,175 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $27,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after acquiring an additional 3,729,751 shares during the last quarter. Mather Group LLC. acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth $240,163,000. Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 68,483 shares during the period. Pictet Asset Management Holding SA boosted its stake 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 purchasing an additional 214,700 shares during the period. Finally, CI Investments Inc. grew its position in iShares TIPS Bond ETF by 28.7% during 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 last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded up $0.14 during trading on Tuesday, reaching $105.41. The company’s stock had a trading volume of 799,815 shares, compared to its average volume of 2,208,136. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24. The business’s fifty day moving average price is $105.86 and its 200-day moving average price is $108.31.

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.