Net Worth Advisory Group Makes New $11.97 Million Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Net Worth Advisory Group bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,371 shares of the exchange traded fund’s stock, valued at approximately $11,972,000. iShares TIPS Bond ETF makes up approximately 3.6% of Net Worth Advisory Group’s investment portfolio, making the stock its 2nd largest position. Net Worth Advisory Group owned approximately 0.06% of iShares TIPS Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at $201,931,000. Sumitomo Life Insurance Co. purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $102,200,000. Marshall Wace LLP increased its stake in shares of iShares TIPS Bond ETF by 3.1% in the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after acquiring an additional 16,839 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after acquiring an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $109.36 on Friday. iShares TIPS Bond ETF has a one year low of $102.32 and a one year high of $111.06. The business’s 50-day moving average price is $109.62 and its two-hundred day moving average price is $107.71. The company has a market capitalization of $18.97 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).