Pekin Hardy Strauss Inc. Lowers Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pekin Hardy Strauss Inc. lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Several other hedge funds also recently modified their holdings of TIP. Tsfg LLC grew its position in iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 93 shares during the last quarter. KMG Fiduciary Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 0.6% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock valued at $1,769,000 after purchasing an additional 100 shares in the last quarter. Citizens & Northern Corp grew its holdings in shares of iShares TIPS Bond ETF by 3.0% during the 2nd quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 102 shares during the last quarter. TNF LLC raised its position in iShares TIPS Bond ETF by 1.1% in the 2nd quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock worth $1,079,000 after purchasing an additional 105 shares during the period. Finally, Regal Investment Advisors LLC lifted its stake in iShares TIPS Bond ETF by 2.0% in the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after purchasing an additional 108 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:TIP opened at $107.77 on Monday. The stock has a market capitalization of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s 50-day moving average price is $109.04 and its 200-day moving average price is $108.10. iShares TIPS Bond ETF has a 12-month low of $104.19 and a 12-month high of $111.06.

iShares TIPS Bond ETF 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).