Envestnet Asset Management Inc. Sells 206,328 Shares of iShares TIPS Bond ETF $TIP

Envestnet Asset Management Inc. lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,974,538 shares of the exchange traded fund’s stock after selling 206,328 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.55% of iShares TIPS Bond ETF worth $219,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TIP. Fermata Advisors LLC grew its holdings in shares of iShares TIPS Bond ETF by 16.0% in the 3rd quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after buying an additional 6,514 shares during the period. Carr Financial Group Corp acquired a new position in iShares TIPS Bond ETF in the third quarter valued at about $621,000. Arbor Investment Advisors LLC increased its holdings in shares of iShares TIPS Bond ETF by 2.0% in the second quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock worth $34,600,000 after acquiring an additional 6,157 shares in the last quarter. Avalon Trust Co raised its position in shares of iShares TIPS Bond ETF by 526.9% during the second quarter. Avalon Trust Co now owns 1,724 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 1,449 shares during the period. Finally, Ethos Financial Group LLC raised its position in shares of iShares TIPS Bond ETF by 21.3% during the second quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock worth $19,416,000 after purchasing an additional 30,925 shares during the period. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.56 on Friday. The stock has a 50 day simple moving average of $110.24 and a 200 day simple moving average of $110.73. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26. The firm has a market capitalization of $13.85 billion, a PE ratio of 12.40 and a beta of 0.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.