AMG National Trust Bank Acquires 758 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

AMG National Trust Bank raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 37,327 shares of the exchange traded fund’s stock after purchasing an additional 758 shares during the period. AMG National Trust Bank’s holdings in iShares TIPS Bond ETF were worth $4,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in iShares TIPS Bond ETF in the third quarter worth $102,200,000. Marshall Wace LLP lifted its stake in iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after purchasing an additional 16,839 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares TIPS Bond ETF by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after purchasing an additional 107,653 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares TIPS Bond ETF by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock valued at $47,406,000 after purchasing an additional 21,268 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.0 %

Shares of NYSEARCA TIP opened at $107.45 on Monday. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock’s 50-day moving average is $109.27 and its 200 day moving average is $108.03. iShares TIPS Bond ETF has a 1-year low of $104.18 and a 1-year high of $111.06.

iShares TIPS Bond ETF 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).