636,428 Shares of iShares TIPS Bond ETF $TIP Acquired by Keybank National Association OH

Keybank National Association OH bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 636,428 shares of the exchange traded fund’s stock, valued at approximately $66,214,000. Keybank National Association OH owned about 0.46% of iShares TIPS Bond ETF at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $27,000. CX Institutional purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth approximately $29,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $35,000. Heritage Family Offices LLP bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $38,000. Finally, Bell Investment Advisors Inc bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $39,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.7%

Shares of NYSEARCA:TIP opened at $105.29 on Wednesday. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The business’s 50 day moving average is $105.53 and its 200 day moving average is $108.71.

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.