Lodestar Private Asset Management LLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,581 shares of the exchange traded fund’s stock after selling 10,423 shares during the period. Lodestar Private Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $5,158,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in iShares TIPS Bond ETF in the third quarter worth about $1,662,000. Park Avenue Securities LLC acquired a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $1,404,000. Insight Wealth Partners LLC boosted its holdings in iShares TIPS Bond ETF by 5.2% during the third quarter. Insight Wealth Partners LLC now owns 47,197 shares of the exchange traded fund’s stock valued at $4,910,000 after purchasing an additional 2,348 shares in the last quarter. Patton Albertson Miller Group LLC bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $1,461,000. Finally, Viewpoint Investment Partners Corp grew its stake in shares of iShares TIPS Bond ETF by 26.7% in the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after purchasing an additional 126,040 shares during the period. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Stock Performance
TIP stock opened at $106.31 on Wednesday. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $112.04. The business’s 50 day moving average is $105.75 and its 200-day moving average is $108.90. The firm has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27.
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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