Pekin Hardy Strauss Inc. Boosts Holdings in iShares TIPS Bond ETF $TIP

Pekin Hardy Strauss Inc. raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,146 shares of the exchange traded fund’s stock after buying an additional 550 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares TIPS Bond ETF were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 3EDGE Asset Management LP lifted its holdings in shares of iShares TIPS Bond ETF by 96.5% in the first 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 in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $51,846,000. Partners Capital Investment Group LLP lifted its stake in iShares TIPS Bond ETF by 80.5% in 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 purchasing an additional 456,633 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in iShares TIPS Bond ETF by 45.0% in the 1st quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after purchasing an additional 301,463 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $33,327,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.0%

Shares of iShares TIPS Bond ETF stock opened at $110.90 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.04 and a twelve month high of $112.26. The business has a 50-day moving average price of $111.41 and a 200-day moving average price of $110.15. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).