Stephenson & Company Inc. Purchases 1,900 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Stephenson & Company Inc. grew its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,465 shares of the exchange traded fund’s stock after buying an additional 1,900 shares during the period. iShares TIPS Bond ETF accounts for about 2.1% of Stephenson & Company Inc.’s portfolio, making the stock its 11th largest position. Stephenson & Company Inc.’s holdings in iShares TIPS Bond ETF were worth $3,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF in the 1st quarter worth approximately $201,931,000. Sumitomo Life Insurance Co. acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $102,200,000. Marshall Wace LLP boosted its stake in iShares TIPS Bond ETF by 3.1% in the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after purchasing an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in iShares TIPS Bond ETF by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after purchasing an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.2 %

TIP stock opened at $108.44 on Thursday. The firm has a 50 day moving average of $109.58 and a 200 day moving average of $107.82. The stock has a market capitalization of $18.81 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $102.46 and a 52 week high of $111.06.

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).