BTS Asset Management Inc. Makes New $320,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

BTS Asset Management Inc. bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,999 shares of the exchange traded fund’s stock, valued at approximately $320,000. iShares TIPS Bond ETF accounts for approximately 0.3% of BTS Asset Management Inc.’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds have also added to or reduced their stakes in TIP. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $201,931,000. Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 102.5% in the first quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after acquiring an additional 648,150 shares during the period. Evoke Wealth LLC grew its stake in iShares TIPS Bond ETF by 181.8% in the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after acquiring an additional 803,988 shares during the period. Campbell Wealth Management grew its stake in iShares TIPS Bond ETF by 2.0% in the fourth quarter. Campbell Wealth Management now owns 506,023 shares of the exchange traded fund’s stock valued at $54,392,000 after acquiring an additional 9,857 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after buying an additional 107,653 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of NYSEARCA:TIP opened at $109.42 on Friday. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $109.61. The business’s 50 day moving average is $108.00 and its 200 day moving average is $107.01.

iShares TIPS Bond ETF 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).