Sigma Planning Corp Purchases 34,266 Shares of iShares TIPS Bond ETF $TIP

Sigma Planning Corp purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,266 shares of the exchange traded fund’s stock, valued at approximately $3,565,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TIP. Bank of America Corp DE increased its position 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 acquiring an additional 3,729,751 shares during the period. Mather Group LLC. purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. lifted its position in 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 position 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 worth $164,565,000 after acquiring an additional 214,700 shares during the period. Finally, CI Investments Inc. lifted its position in 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. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of TIP stock opened at $106.31 on Tuesday. The business’s 50 day moving average is $105.77 and its two-hundred day moving average is $108.94. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.04. The company has a market capitalization of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.