AE Wealth Management LLC Acquires 41,393 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

AE Wealth Management LLC lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 105.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,832 shares of the exchange traded fund’s stock after purchasing an additional 41,393 shares during the period. AE Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $8,631,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of 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 buying an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in iShares TIPS Bond ETF in the first quarter worth about $201,931,000. Sumitomo Life Insurance Co. grew its holdings in iShares TIPS Bond ETF by 102.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after acquiring an additional 648,150 shares in the last quarter. Evoke Wealth LLC increased its position in iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after purchasing an additional 803,988 shares during the period. Finally, Bank of New York Mellon Corp raised 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 valued at $49,549,000 after purchasing an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $110.55 on Friday. The company has a market cap of $19.18 billion, a PE ratio of 11.86 and a beta of 0.09. The firm’s 50 day moving average price is $108.77 and its 200-day moving average price is $107.31. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week 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).