Avidian Wealth Solutions LLC Boosts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Avidian Wealth Solutions LLC raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 206.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,269 shares of the exchange traded fund’s stock after acquiring an additional 11,626 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in iShares TIPS Bond ETF were worth $1,856,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in iShares TIPS Bond ETF by 179.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after acquiring an additional 3,232,628 shares during the last quarter. Rock Creek Group LP lifted its position in shares of iShares TIPS Bond ETF by 1,992.9% during the 3rd quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after purchasing an additional 2,624,661 shares during the last quarter. Assetmark Inc. grew its stake in shares of iShares TIPS Bond ETF by 1,511.5% during the third quarter. Assetmark Inc. now owns 2,121,402 shares of the exchange traded fund’s stock worth $220,032,000 after purchasing an additional 1,989,759 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in iShares TIPS Bond ETF by 1,655.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,007,239 shares of the exchange traded fund’s stock valued at $104,471,000 after buying an additional 949,872 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded up $0.54 during trading on Friday, reaching $105.93. 2,388,261 shares of the company’s stock were exchanged, compared to its average volume of 2,200,094. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.47. The stock has a market cap of $18.38 billion, a P/E ratio of 11.86 and a beta of 0.09. The company has a 50 day moving average price of $106.48 and a two-hundred day moving average price of $106.04.

About iShares TIPS Bond ETF

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).