10,388 Shares in iShares TIPS Bond ETF $TIP Acquired by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,388 shares of the exchange traded fund’s stock, valued at approximately $1,081,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TIP. Envestnet Asset Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock worth $222,108,000 after purchasing an additional 68,483 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of iShares TIPS Bond ETF by 44.1% in the second quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after purchasing an additional 29,323 shares during the period. TD Waterhouse Canada Inc. boosted its position in iShares TIPS Bond ETF by 12.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 425,671 shares of the exchange traded fund’s stock valued at $46,094,000 after buying an additional 46,597 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $1,158,000. Finally, Horizons Wealth Management acquired a new position in shares of iShares TIPS Bond ETF in the third quarter worth about $6,149,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of NYSEARCA TIP opened at $106.69 on Friday. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The stock’s 50 day simple moving average is $105.69 and its 200 day simple moving average is $108.85. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF Company 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). 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.