Garner Asset Management Corp Boosts Stock Position in iShares TIPS Bond ETF $TIP

Garner Asset Management Corp boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 105.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,523 shares of the exchange traded fund’s stock after purchasing an additional 9,522 shares during the quarter. Garner Asset Management Corp’s holdings in iShares TIPS Bond ETF were worth $2,062,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Alliance LLC bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $3,795,000. Synovus Financial Corp grew its holdings in iShares TIPS Bond ETF by 2.6% in the third quarter. Synovus Financial Corp now owns 9,408 shares of the exchange traded fund’s stock worth $1,046,000 after purchasing an additional 237 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth $10,010,000. Maridea Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $1,008,000. Finally, Martin & Co. Inc. TN lifted its holdings in shares of iShares TIPS Bond ETF by 2.4% during the 3rd quarter. Martin & Co. Inc. TN now owns 610,055 shares of the exchange traded fund’s stock valued at $67,850,000 after purchasing an additional 14,428 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $111.19 on Friday. The stock has a market cap of $13.93 billion, a PE ratio of 12.40 and a beta of 0.26. The stock has a 50-day moving average of $110.37 and a two-hundred day moving average of $110.82. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26.

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). 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.