iShares TIPS Bond ETF (NYSEARCA:TIP) Sees Large Volume Increase

view original post

iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) saw unusually-high trading volume on Wednesday . Approximately 269,468 shares traded hands during trading, a decline of 96% from the previous session’s volume of 6,203,524 shares.The stock last traded at $114.01 and had previously closed at $113.44.

The company has a 50 day simple moving average of $119.29 and a 200 day simple moving average of $123.97.

A number of institutional investors and hedge funds have recently bought and sold shares of TIP. BlackRock Inc. raised its stake in shares of iShares TIPS Bond ETF by 0.9% during the 1st quarter. BlackRock Inc. now owns 27,461,882 shares of the exchange traded fund’s stock worth $3,420,926,000 after buying an additional 257,714 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares TIPS Bond ETF by 2.1% during the 1st quarter. Bank of America Corp DE now owns 19,957,566 shares of the exchange traded fund’s stock worth $2,486,114,000 after buying an additional 406,793 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares TIPS Bond ETF by 30.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,088,404 shares of the exchange traded fund’s stock worth $1,820,222,000 after buying an additional 3,303,824 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 40.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,302,098 shares of the exchange traded fund’s stock worth $1,201,830,000 after buying an additional 2,683,615 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $598,196,000.

About iShares TIPS Bond ETF (NYSEARCA:TIP)

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).

Read More

Receive News & Ratings for iShares TIPS Bond ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com’s FREE daily email newsletter.