Mustico Financial Group Inc. raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 52.7% during the first quarter, Holdings Channel.com reports. The firm owned 90,807 shares of the exchange traded fund’s stock after buying an additional 31,323 shares during the period. iShares TIPS Bond ETF accounts for about 6.2% of Mustico Financial Group Inc.’s holdings, making the stock its 6th largest holding. Mustico Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $10,021,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TIP. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $25,000. Woodside Wealth Management LLC raised its holdings in iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $30,000. 63.62% of the stock is owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Stock Up 0.0%
TIP stock opened at $107.50 on Friday. The stock has a market capitalization of $14.56 billion, a price-to-earnings 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 stock’s fifty day simple moving average is $109.19 and its 200-day simple moving average is $110.28.
iShares TIPS Bond ETF 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). 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.
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Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
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