37,041 Shares in iShares TIPS Bond ETF $TIP Purchased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, Holdings Channel reports. The firm purchased 37,041 shares of the exchange traded fund’s stock, valued at approximately $3,854,000. iShares TIPS Bond ETF accounts for approximately 1.2% of Samalin Investment Counsel LLC’s portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wernau Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 4.6% during the first quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 91 shares in the last quarter. Kintra Wealth LLC grew its holdings in iShares TIPS Bond ETF by 3.4% in the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 94 shares in the last quarter. FC Advisory LLC grew its holdings in iShares TIPS Bond ETF by 1.9% in the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 102 shares in the last quarter. Capital Analysts LLC increased its stake in shares of iShares TIPS Bond ETF by 1.6% in the 2nd quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock worth $790,000 after acquiring an additional 114 shares during the last quarter. Finally, Matrix Trust Co increased its stake in shares of iShares TIPS Bond ETF by 3.3% in the 2nd quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock worth $451,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $106.24 on Monday. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $112.04. The firm has a market capitalization of $14.55 billion, a P/E ratio of 12.40 and a beta of 0.27. The firm has a 50-day moving average price of $105.77 and a 200 day moving average price of $108.17.

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.