Martin & Co. Inc. TN Acquires 14,428 Shares of iShares TIPS Bond ETF $TIP

Martin & Co. Inc. TN increased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 610,055 shares of the exchange traded fund’s stock after buying an additional 14,428 shares during the quarter. iShares TIPS Bond ETF makes up 12.1% of Martin & Co. Inc. TN’s portfolio, making the stock its largest position. Martin & Co. Inc. TN’s holdings in iShares TIPS Bond ETF were worth $67,850,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Gould Asset Management LLC CA lifted its position in shares of iShares TIPS Bond ETF by 1.1% in the third quarter. Gould Asset Management LLC CA now owns 8,262 shares of the exchange traded fund’s stock valued at $919,000 after acquiring an additional 90 shares in the last quarter. Daymark Wealth Partners LLC raised its stake in iShares TIPS Bond ETF by 1.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,946 shares of the exchange traded fund’s stock valued at $764,000 after purchasing an additional 92 shares during the last quarter. Fiducient Advisors LLC lifted its holdings in iShares TIPS Bond ETF by 0.7% in the 2nd quarter. Fiducient Advisors LLC now owns 13,725 shares of the exchange traded fund’s stock valued at $1,510,000 after purchasing an additional 92 shares in the last quarter. WealthShield Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 5.2% during the 2nd quarter. WealthShield Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $221,000 after purchasing an additional 99 shares during the last quarter. Finally, BOS Asset Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 1.0% during the third quarter. BOS Asset Management LLC now owns 10,082 shares of the exchange traded fund’s stock worth $1,121,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $111.23 on Wednesday. The firm has a market cap of $13.94 billion, a PE ratio of 12.40 and a beta of 0.26. The firm has a 50 day simple moving average of $110.32 and a 200-day simple moving average of $110.81. iShares TIPS Bond ETF has a 1-year low of $106.47 and a 1-year high of $112.26.

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). 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.