Asset Management Group Inc. Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Asset Management Group Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,942 shares of the exchange traded fund’s stock after selling 1,107 shares during the period. iShares TIPS Bond ETF comprises about 1.5% of Asset Management Group Inc.’s holdings, making the stock its 21st largest holding. Asset Management Group Inc.’s holdings in iShares TIPS Bond ETF were worth $8,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at $213,000. TIAA Trust National Association lifted its holdings in iShares TIPS Bond ETF by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 88,468 shares of the exchange traded fund’s stock worth $9,447,000 after buying an additional 2,776 shares during the last quarter. Buck Wealth Strategies LLC boosted its position in shares of iShares TIPS Bond ETF by 1,108.6% during the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after acquiring an additional 62,426 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $27,453,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.69 on Friday. The stock’s 50-day simple moving average is $109.09 and its 200-day simple moving average is $108.05. The firm has a market capitalization of $18.68 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.19 and a fifty-two week high of $111.06.

iShares TIPS Bond ETF Company 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).