Citigroup Inc. Acquires 21,755 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Citigroup Inc. lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 143,191 shares of the exchange traded fund’s stock after acquiring an additional 21,755 shares during the period. Citigroup Inc.’s holdings in iShares TIPS Bond ETF were worth $15,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sumitomo Life Insurance Co. purchased a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $102,200,000. Envestnet Asset Management Inc. raised its position in shares of 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 lifted its stake in shares of 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 buying an additional 398,292 shares in the last quarter. Quotient Wealth Partners LLC boosted its holdings in iShares TIPS Bond ETF by 6,782.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after buying an additional 365,458 shares during the period. Finally, Cetera Investment Advisers increased its stake in iShares TIPS Bond ETF by 192.4% in the 1st quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock worth $45,402,000 after buying an additional 278,153 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.3 %

NYSEARCA TIP opened at $108.45 on Thursday. iShares TIPS Bond ETF has a 12 month low of $104.36 and a 12 month high of $111.06. The stock has a market cap of $18.82 billion, a PE ratio of 11.86 and a beta of 0.09. The stock’s 50 day moving average is $108.90 and its 200 day moving average is $108.13.

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).