Pekin Hardy Strauss Inc. Purchases 9,859 Shares of iShares TIPS Bond ETF $TIP

Pekin Hardy Strauss Inc. acquired a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 9,859 shares of the exchange traded fund’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also added to or reduced their stakes in TIP. Bank of America Corp DE boosted its stake in iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Mather Group LLC. purchased a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $240,163,000. Envestnet Asset Management Inc. increased its position in shares of iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after buying an additional 68,483 shares during the period. CI Investments Inc. increased its position in shares of iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after buying an additional 260,055 shares during the period. Finally, Viewpoint Investment Partners Corp increased its position in shares of iShares TIPS Bond ETF by 26.7% during the third quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after buying an additional 126,040 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of iShares TIPS Bond ETF stock traded up $0.01 on Friday, reaching $106.27. The stock had a trading volume of 3,195,944 shares, compared to its average volume of 2,202,347. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $111.98. The company has a market cap of $14.59 billion, a P/E ratio of 12.40 and a beta of 0.27. The business’s 50 day moving average is $105.58 and its two-hundred day moving average is $108.75.

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.