Edgestream Partners L.P. Purchases New Holdings in iShares TIPS Bond ETF $TIP

Edgestream Partners L.P. acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) during the second quarter, HoldingsChannel reports. The institutional investor acquired 22,682 shares of the exchange traded fund’s stock, valued at approximately $2,496,000.

Several other large investors have also recently made changes to their positions in TIP. Wealthedge Investment Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 76.0% in the 2nd quarter. Wealthedge Investment Advisors LLC now owns 32,890 shares of the exchange traded fund’s stock worth $3,619,000 after buying an additional 14,203 shares during the last quarter. Sepio Capital LP grew its stake in shares of iShares TIPS Bond ETF by 4.4% in the second quarter. Sepio Capital LP now owns 9,183 shares of the exchange traded fund’s stock worth $1,011,000 after acquiring an additional 390 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of iShares TIPS Bond ETF by 223.2% during the second quarter. Lido Advisors LLC now owns 102,379 shares of the exchange traded fund’s stock valued at $11,266,000 after acquiring an additional 70,702 shares in the last quarter. Martin & Co. Inc. TN increased its holdings in shares of iShares TIPS Bond ETF by 0.9% during the second quarter. Martin & Co. Inc. TN now owns 595,627 shares of the exchange traded fund’s stock valued at $65,543,000 after acquiring an additional 5,470 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of iShares TIPS Bond ETF by 11.3% in the 2nd quarter. Mackenzie Financial Corp now owns 60,100 shares of the exchange traded fund’s stock worth $6,613,000 after purchasing an additional 6,100 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.63 on Friday. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The company’s 50-day moving average is $111.24 and its 200 day moving average is $110.38.

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).