iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Asset Management Group Inc.

Asset Management Group Inc. lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 75,942 shares of the exchange traded fund’s stock after selling 1,107 shares during the quarter. iShares TIPS Bond ETF accounts for about 1.5% of Asset Management Group Inc.’s holdings, making the stock its 21st biggest position. Asset Management Group Inc.’s holdings in iShares TIPS Bond ETF were worth $8,389,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $26,000. Private Ocean LLC increased its position in iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 116 shares during the period. Gradient Investments LLC raised its stake in iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the last quarter. Eastern Bank acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $37,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $40,000.

iShares TIPS Bond ETF Trading Down 0.1 %

NYSEARCA:TIP opened at $107.69 on Friday. iShares TIPS Bond ETF has a 12-month low of $104.19 and a 12-month high of $111.06. 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 cap of $18.68 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).