iShares TIPS Bond ETF $TIP Shares Newly Purchased by Mather Group LLC.

Mather Group LLC. purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, HoldingsChannel reports. The institutional investor purchased 2,308,374 shares of the exchange traded fund’s stock, valued at approximately $240,163,000. iShares TIPS Bond ETF makes up about 2.0% of Mather Group LLC.’s holdings, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in 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 buying an additional 3,729,751 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 68,483 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of 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 acquiring an additional 214,700 shares during the period. CI Investments Inc. lifted its holdings in shares of 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 acquiring an additional 260,055 shares during the period. Finally, Quotient Wealth Partners LLC boosted its position in shares of iShares TIPS Bond ETF by 4.2% in the first quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock worth $52,290,000 after acquiring an additional 19,162 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP opened at $104.82 on Thursday. The company’s 50 day simple moving average is $105.95 and its 200 day simple moving average is $108.41. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.24. The stock has a market capitalization of $14.32 billion, a PE ratio of 12.40 and a beta of 0.27.

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.