iShares TIPS Bond ETF $TIP is Mustico Financial Group Inc.’s 7th Largest Position

Mustico Financial Group Inc. lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,484 shares of the exchange traded fund’s stock after buying an additional 7,295 shares during the quarter. iShares TIPS Bond ETF comprises about 5.4% of Mustico Financial Group Inc.’s holdings, making the stock its 7th biggest holding. Mustico Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Woodside Wealth Management LLC lifted its position in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $28,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $29,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.7%

Shares of NYSEARCA:TIP opened at $109.03 on Thursday. The company has a market capitalization of $14.42 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $108.93 and a twelve month high of $112.26. The firm has a 50 day simple moving average of $110.69 and a 200-day simple moving average of $110.61.

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.