Miracle Mile Advisors LLC Boosts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Miracle Mile Advisors LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,292 shares of the exchange traded fund’s stock after buying an additional 2,153 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $5,039,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TIP. FMR LLC increased its stake in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $102,200,000. Envestnet Asset Management Inc. grew its stake 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. International Assets Investment Management LLC increased its holdings in iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after acquiring an additional 398,292 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in iShares TIPS Bond ETF during the 2nd quarter worth approximately $24,990,000.

iShares TIPS Bond ETF Price Performance

TIP stock remained flat at $106.22 during midday trading on Monday. The company’s stock had a trading volume of 1,671,766 shares, compared to its average volume of 3,656,767. The business has a 50 day moving average price of $107.55 and a 200 day moving average price of $108.30. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market capitalization of $18.43 billion, a price-to-earnings 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).