Marino Management LLC Makes New Investment in iShares TIPS Bond ETF $TIP

Marino Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 126,194 shares of the exchange traded fund’s stock, valued at approximately $13,898,000. iShares TIPS Bond ETF accounts for approximately 2.8% of Marino Management LLC’s portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC boosted its position in iShares TIPS Bond ETF by 10.1% during the 4th quarter. Minot DeBlois Advisors LLC now owns 37,676 shares of the exchange traded fund’s stock worth $4,141,000 after acquiring an additional 3,466 shares during the period. Focus Partners Wealth lifted its holdings in shares of iShares TIPS Bond ETF by 4.0% during the 4th quarter. Focus Partners Wealth now owns 99,044 shares of the exchange traded fund’s stock valued at $10,886,000 after buying an additional 3,811 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 7.1% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 1,608 shares of the exchange traded fund’s stock valued at $177,000 after buying an additional 106 shares during the last quarter. Destination Wealth Management lifted its holdings in shares of iShares TIPS Bond ETF by 17.1% during the 4th quarter. Destination Wealth Management now owns 2,860 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 418 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd lifted its holdings in shares of iShares TIPS Bond ETF by 8.8% during the 4th quarter. Evelyn Partners Asset Management Ltd now owns 3,882 shares of the exchange traded fund’s stock valued at $427,000 after buying an additional 315 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $109.61 on Monday. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $108.38 and a 52-week high of $112.26. The stock has a 50-day simple moving average of $110.77 and a 200-day simple moving average of $110.65.

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.