Strive Asset Management LLC Has $395,000 Stake in iShares TIPS Bond ETF $TIP

Strive Asset Management LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 57.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,557 shares of the exchange traded fund’s stock after selling 4,712 shares during the quarter. Strive Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in iShares TIPS Bond ETF by 7.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock worth $240,148,000 after buying an additional 141,703 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in iShares TIPS Bond ETF by 10.0% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after buying an additional 145,987 shares during the period. 3EDGE Asset Management LP lifted its holdings in iShares TIPS Bond ETF by 96.5% during the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after buying an additional 766,851 shares during the period. LPL Financial LLC lifted its holdings in iShares TIPS Bond ETF by 3.2% during the 1st quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock worth $126,505,000 after buying an additional 34,866 shares during the period. Finally, Partners Capital Investment Group LLP lifted its holdings in iShares TIPS Bond ETF by 80.5% during the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after buying an additional 456,633 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.2%

Shares of TIP opened at $111.47 on Wednesday. The company has a market capitalization of $13.89 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 12 month low of $106.04 and a 12 month high of $111.76. The stock’s 50-day moving average price is $110.18 and its two-hundred day moving average price is $109.61.

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).