iShares TIPS Bond ETF $TIP Stake Lifted by Mustico Financial Group Inc.

Mustico Financial Group Inc. raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 52.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,807 shares of the exchange traded fund’s stock after purchasing an additional 31,323 shares during the quarter. iShares TIPS Bond ETF accounts for 6.2% of Mustico Financial Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Mustico Financial Group Inc. owned about 0.07% of iShares TIPS Bond ETF worth $10,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at $432,000. Goldman Sachs Group Inc. increased its position in shares of iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after buying an additional 219,598 shares in the last quarter. Brown Advisory Inc. increased its position in shares of iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of iShares TIPS Bond ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after buying an additional 1,717 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.0%

iShares TIPS Bond ETF stock opened at $107.50 on Friday. The firm has a market capitalization of $14.56 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $107.48 and a 52 week high of $112.26. The firm’s 50-day simple moving average is $109.19 and its 200 day simple moving average is $110.28.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.