262,859 Shares in iShares TIPS Bond ETF $TIP Bought by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 262,859 shares of the exchange traded fund’s stock, valued at approximately $27,348,000. iShares TIPS Bond ETF makes up approximately 11.4% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its biggest holding. Mader & Shannon Wealth Management Inc. owned 0.19% of iShares TIPS Bond ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kintra Wealth LLC grew its holdings in iShares TIPS Bond ETF by 3.4% during the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 94 shares in the last quarter. FC Advisory LLC raised its holdings in shares of iShares TIPS Bond ETF by 1.9% in the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 102 shares in the last quarter. Capital Analysts LLC lifted its position in shares of iShares TIPS Bond ETF by 1.6% during the 2nd quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock worth $790,000 after purchasing an additional 114 shares during the last quarter. TFB Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 1.7% during the 3rd quarter. TFB Advisors LLC now owns 7,508 shares of the exchange traded fund’s stock worth $781,000 after purchasing an additional 123 shares during the last quarter. Finally, Matrix Trust Co lifted its position in shares of iShares TIPS Bond ETF by 3.3% during the 2nd quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of TIP stock traded up $0.01 on Friday, reaching $106.27. 3,195,944 shares of the stock were exchanged, compared to its average volume of 2,202,347. The business’s 50 day moving average price is $105.58 and its 200 day moving average price is $108.75. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98.

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.