Eastern Bank Acquires Shares of 333 iShares TIPS Bond ETF (NYSEARCA:TIP)

Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, Holdings Channel reports. The fund acquired 333 shares of the exchange traded fund’s stock, valued at approximately $37,000.

A number of other large investors have also recently added to or reduced their stakes in TIP. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF during the 1st quarter valued at $201,931,000. Sumitomo Life Insurance Co. bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at $102,200,000. Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after buying an additional 410,284 shares during the last quarter. Quotient Wealth Partners LLC lifted its position in shares of iShares TIPS Bond ETF by 6,782.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after buying an additional 365,458 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of iShares TIPS Bond ETF by 14,118.3% in the 1st quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock worth $38,531,000 after buying an additional 356,204 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $108.27 on Friday. The firm’s 50-day moving average is $109.62 and its 200-day moving average is $107.77. iShares TIPS Bond ETF has a 1 year low of $102.46 and a 1 year high of $111.06. The company has a market cap of $18.78 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).