iShares TIPS Bond ETF $TIP Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1,658.2% in the first quarter, Holdings Channel.com reports. The firm owned 18,180 shares of the exchange traded fund’s stock after acquiring an additional 17,146 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares TIPS Bond ETF were worth $2,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in iShares TIPS Bond ETF by 11.0% in the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after buying an additional 1,281,679 shares during the last quarter. Valpey Financial Services LLC grew its stake in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $187,000. Pictet Asset Management Holding SA grew 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 valued at $164,565,000 after purchasing an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.3%

Shares of TIP opened at $108.27 on Friday. The business’s 50 day moving average is $109.52 and its two-hundred day moving average is $110.36. iShares TIPS Bond ETF has a 52-week low of $107.82 and a 52-week high of $112.26. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.