Bank of America Corp DE Purchases 4,189,926 Shares of iShares TIPS Bond ETF $TIP

Bank of America Corp DE increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,155,565 shares of the exchange traded fund’s stock after acquiring an additional 4,189,926 shares during the quarter. Bank of America Corp DE owned about 13.51% of iShares TIPS Bond ETF worth $1,908,042,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in iShares TIPS Bond ETF by 4,627.6% during the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after purchasing an additional 2,848,700 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of iShares TIPS Bond ETF by 44.3% in the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after purchasing an additional 451,450 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares TIPS Bond ETF by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 1,155,546 shares of the exchange traded fund’s stock valued at $128,520,000 after purchasing an additional 125,350 shares during the period. Finally, Man Group plc raised its position in shares of iShares TIPS Bond ETF by 19.3% in the third quarter. Man Group plc now owns 992,340 shares of the exchange traded fund’s stock valued at $110,368,000 after purchasing an additional 160,357 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.2%

Shares of TIP stock opened at $110.71 on Monday. The firm’s 50 day moving average is $110.75 and its 200 day moving average is $110.93. The stock has a market capitalization of $13.87 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26.

iShares TIPS Bond ETF Company 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). 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.