1,793 Shares in iShares TIPS Bond ETF $TIP Acquired by Berkshire Money Management Inc.

Berkshire Money Management Inc. bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,793 shares of the exchange traded fund’s stock, valued at approximately $197,000.

A number of other institutional investors also recently modified their holdings of TIP. 3EDGE Asset Management LP lifted its position in iShares TIPS Bond ETF by 96.5% during the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after purchasing an additional 766,851 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares TIPS Bond ETF during the second quarter worth about $51,846,000. Partners Capital Investment Group LLP raised its holdings in shares of iShares TIPS Bond ETF by 80.5% in the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock valued at $113,756,000 after purchasing an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares TIPS Bond ETF by 45.0% during the 1st quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after buying an additional 301,463 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth approximately $33,327,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $111.05 on Monday. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The company has a fifty day moving average price of $110.86 and a two-hundred day moving average price of $109.81. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19.

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).