Mackenzie Financial Corp Has $3.91 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mackenzie Financial Corp lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,600 shares of the exchange traded fund’s stock after selling 7,700 shares during the period. Mackenzie Financial Corp’s holdings in iShares TIPS Bond ETF were worth $3,908,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. YHB Investment Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the first quarter worth $30,000. Private Ocean LLC raised its position in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at approximately $36,000. Gradient Investments LLC lifted its holdings in shares of iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $40,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.71 on Wednesday. The firm has a 50 day simple moving average of $109.20 and a two-hundred day simple moving average of $107.48. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $111.06. The company has a market cap of $19.21 billion, a P/E 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).