Bank of New York Mellon Corp Increases Holdings in iShares TIPS Bond ETF $TIP

Bank of New York Mellon Corp boosted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 392,801 shares of the exchange traded fund’s stock after purchasing an additional 15,949 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares TIPS Bond ETF were worth $43,224,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Gladwyn Financial Advisors Inc. purchased a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of iShares TIPS Bond ETF during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF during the second quarter valued at $28,000. Avalon Trust Co purchased a new position in iShares TIPS Bond ETF during the first quarter valued at $31,000. Finally, Grove Bank & Trust bought a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $31,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.2%

TIP opened at $111.13 on Thursday. The company has a market capitalization of $14.11 billion, a PE ratio of 12.40 and a beta of 0.26. The firm has a 50-day simple moving average of $111.43 and a two-hundred day simple moving average of $110.20. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26.

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).