71,817 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. bought a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, Holdings Channel reports. The firm bought 71,817 shares of the exchange traded fund’s stock, valued at approximately $7,652,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares during the period. Assetmark Inc. raised its holdings in iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares during the period. Wealthfront Advisers LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $76,533,000. Sumitomo Life Insurance Co. raised its holdings in iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after acquiring an additional 536,610 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $42,463,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.23 on Friday. The company has a market capitalization of $14.35 billion, a PE ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company’s fifty day moving average price is $108.58 and its 200 day moving average price is $108.55.

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).