Raymond James & Associates Lowers Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Raymond James & Associates lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,589 shares of the exchange traded fund’s stock after selling 27,655 shares during the period. Raymond James & Associates owned 0.07% of iShares TIPS Bond ETF worth $12,990,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after acquiring an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at approximately $201,931,000. Sumitomo Life Insurance Co. bought a new position in iShares TIPS Bond ETF in the third quarter worth approximately $102,200,000. Marshall Wace LLP increased its holdings in iShares TIPS Bond ETF by 3.1% during the 2nd 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 period. Finally, Bank of New York Mellon Corp raised its position in iShares TIPS Bond ETF by 30.2% during the 2nd 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 in the last quarter.

iShares TIPS Bond ETF Trading Down 0.3 %

Shares of TIP stock opened at $108.27 on Monday. iShares TIPS Bond ETF has a twelve month low of $102.46 and a twelve month high of $111.06. The stock has a fifty day simple moving average of $109.62 and a two-hundred day simple moving average of $107.79. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).