CI Investments Inc. Increases Stake in iShares TIPS Bond ETF $TIP

CI Investments Inc. raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 28.7% during the 1st quarter, HoldingsChannel reports. The fund owned 1,166,832 shares of the exchange traded fund’s stock after acquiring an additional 260,055 shares during the quarter. CI Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $128,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Marin Bay Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at $1,382,000. Florida Financial Advisors LLC bought a new position in iShares TIPS Bond ETF in the 1st quarter worth $231,000. Balefire LLC raised its holdings in iShares TIPS Bond ETF by 7.2% in the 1st quarter. Balefire LLC now owns 7,326 shares of the exchange traded fund’s stock worth $808,000 after purchasing an additional 493 shares during the period. Parallel Advisors LLC lifted its position in iShares TIPS Bond ETF by 1.7% during the first quarter. Parallel Advisors LLC now owns 50,714 shares of the exchange traded fund’s stock valued at $5,597,000 after purchasing an additional 857 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its position in iShares TIPS Bond ETF by 43.0% during the first quarter. Aviance Capital Partners LLC now owns 13,270 shares of the exchange traded fund’s stock valued at $1,464,000 after purchasing an additional 3,991 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $107.88 on Wednesday. The stock has a 50-day simple moving average of $109.39 and a two-hundred day simple moving average of $110.33. 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 capitalization of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26.

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.