Mackenzie Financial Corp Sells 7,700 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Mackenzie Financial Corp reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.4% during the second quarter, HoldingsChannel reports. The firm owned 36,600 shares of the exchange traded fund’s stock after selling 7,700 shares during the period. Mackenzie Financial Corp’s holdings in iShares TIPS Bond ETF were worth $3,908,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TIP. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF in the first quarter worth approximately $201,931,000. Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after acquiring an additional 410,284 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after acquiring an additional 365,458 shares during the period. SG Americas Securities LLC boosted its stake in iShares TIPS Bond ETF by 14,118.3% during the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock worth $38,531,000 after acquiring an additional 356,204 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in iShares TIPS Bond ETF by 192.4% in the first quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock worth $45,402,000 after purchasing an additional 278,153 shares during the period.

iShares TIPS Bond ETF Trading Up 0.3 %

Shares of NYSEARCA TIP opened at $110.71 on Wednesday. The firm has a market capitalization of $19.21 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average price is $109.20 and its 200-day moving average price is $107.48. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $111.06.

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).