Baker Avenue Asset Management LP Has $314,000 Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Baker Avenue Asset Management LP increased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,845 shares of the exchange traded fund’s stock after purchasing an additional 271 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares TIPS Bond ETF were worth $314,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF during the 1st quarter valued at approximately $201,931,000. Sumitomo Life Insurance Co. bought a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $102,200,000. Envestnet Asset Management Inc. boosted its stake in iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after purchasing an additional 410,284 shares during the period. International Assets Investment Management LLC boosted its stake in iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the period. Finally, Quotient Wealth Partners LLC boosted its stake in iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after purchasing an additional 365,458 shares during the period.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of NYSEARCA:TIP opened at $108.21 on Tuesday. The business has a 50 day moving average price of $109.43 and a 200 day moving average price of $107.95. iShares TIPS Bond ETF has a twelve month low of $103.19 and a twelve month high of $111.06. The company has a market cap of $18.77 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).