Sigma Investment Counselors Inc. Acquires New Holdings in iShares TIPS Bond ETF $TIP

Sigma Investment Counselors Inc. acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,147 shares of the exchange traded fund’s stock, valued at approximately $2,824,000.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 18.1% during 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 in the last quarter. Mather Group LLC. bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth $240,163,000. Envestnet Asset Management Inc. grew its stake in shares of iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after purchasing an additional 68,483 shares in the last quarter. CI Investments Inc. grew its stake in shares of iShares TIPS Bond ETF by 28.7% in the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after purchasing an additional 260,055 shares in the last quarter. Finally, Viewpoint Investment Partners Corp increased its holdings in shares of iShares TIPS Bond ETF by 26.7% during the third quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after purchasing an additional 126,040 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $106.31 on Wednesday. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $112.04. The stock’s fifty day moving average is $105.75 and its 200-day moving average is $108.90. The firm has a market capitalization of $14.56 billion, a price-to-earnings 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.