Cannon Financial Strategists Inc. Makes New Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

Cannon Financial Strategists Inc. acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,837 shares of the exchange traded fund’s stock, valued at approximately $2,011,000. iShares TIPS Bond ETF accounts for about 0.4% of Cannon Financial Strategists Inc.’s holdings, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in 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 buying an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter valued at $201,931,000. Marshall Wace LLP boosted its stake in shares of 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 valued at $59,964,000 after purchasing an additional 16,839 shares during the period. Bank of New York Mellon Corp boosted its stake 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 valued at $49,549,000 after purchasing an additional 107,653 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of iShares TIPS Bond ETF by 1.3% during the first quarter. Commonwealth Equity Services LLC now owns 455,508 shares of the exchange traded fund’s stock valued at $48,926,000 after purchasing an additional 5,959 shares during the period.

iShares TIPS Bond ETF Trading Up 0.3 %

Shares of TIP opened at $110.71 on Wednesday. The firm has a market capitalization of $19.21 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $111.06. The firm has a fifty day moving average price of $109.20 and a 200-day moving average price of $107.48.

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).