Chapin Davis Inc. Acquires New Stake in iShares TIPS Bond ETF $TIP

Chapin Davis Inc. bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,255 shares of the exchange traded fund’s stock, valued at approximately $755,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Capitolis Liquid Global Markets LLC grew its stake in iShares TIPS Bond ETF by 846.0% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock worth $51,987,000 after purchasing an additional 423,000 shares during the period. Kwmg LLC bought a new position in iShares TIPS Bond ETF in the third quarter worth $34,858,000. CI Investments Inc. raised its holdings in iShares TIPS Bond ETF by 28.7% in the first 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 in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after buying an additional 214,700 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.3%

Shares of iShares TIPS Bond ETF stock opened at $104.52 on Friday. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $112.24. The firm has a market capitalization of $14.21 billion, a P/E ratio of 12.40 and a beta of 0.27. The business has a fifty day simple moving average of $106.16 and a two-hundred day simple moving average of $108.56.

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). 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.