Pekin Hardy Strauss Inc. Decreases Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pekin Hardy Strauss Inc. trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,121 shares of the exchange traded fund’s stock after selling 275 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares TIPS Bond ETF were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TIP. GenTrust LLC increased its position in iShares TIPS Bond ETF by 0.9% during the 3rd quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock valued at $21,670,000 after purchasing an additional 1,804 shares during the period. International Assets Investment Management LLC increased its position in shares of iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after buying an additional 398,292 shares during the period. Confluence Wealth Services Inc. bought a new position in iShares TIPS Bond ETF in the second quarter worth about $213,000. TIAA Trust National Association lifted its holdings in iShares TIPS Bond ETF by 3.2% in the second 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 period. Finally, Buck Wealth Strategies LLC boosted its position in 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 valued at $7,267,000 after acquiring an additional 62,426 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $107.77 on Monday. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business’s 50 day moving average price is $109.04 and its two-hundred day moving average price is $108.10. iShares TIPS Bond ETF has a fifty-two week low of $104.19 and a fifty-two week high of $111.06.

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).