Pekin Hardy Strauss Inc. Makes New $1.03 Million Investment in iShares TIPS Bond ETF $TIP

Pekin Hardy Strauss Inc. purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,859 shares of the exchange traded fund’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TIP. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $27,000. CX Institutional purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at about $29,000. Eastern Bank purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at about $35,000. Bell Investment Advisors Inc bought a new position in iShares TIPS Bond ETF during the third quarter worth about $39,000. Finally, Timbuktu Capital Management LLC bought a new position in iShares TIPS Bond ETF during the second quarter worth about $52,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP traded up $0.01 during trading hours on Friday, hitting $106.27. The company’s stock had a trading volume of 3,195,944 shares, compared to its average volume of 2,202,347. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The business has a 50 day simple moving average of $105.58 and a two-hundred day simple moving average of $108.75. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $111.98.

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.