Cornerstone Planning Group LLC Has $87,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Cornerstone Planning Group LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 90.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 800 shares of the exchange traded fund’s stock after selling 7,670 shares during the quarter. Cornerstone Planning Group LLC’s holdings in iShares TIPS Bond ETF were worth $87,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $201,931,000. Sumitomo Life Insurance Co. acquired a new stake in iShares TIPS Bond ETF during the third quarter valued at $102,200,000. Marshall Wace LLP grew its stake in iShares TIPS Bond ETF by 3.1% in the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock valued at $59,964,000 after purchasing an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in iShares TIPS Bond ETF by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after purchasing an additional 107,653 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

TIP opened at $107.84 on Wednesday. The company has a market capitalization of $18.71 billion, a PE ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average of $109.39 and a 200-day moving average of $107.99. iShares TIPS Bond ETF has a fifty-two week low of $103.76 and a fifty-two week high of $111.06.

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).