65,752 Shares in iShares TIPS Bond ETF $TIP Bought by Leuthold Group LLC

Leuthold Group LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,752 shares of the exchange traded fund’s stock, valued at approximately $6,841,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in iShares TIPS Bond ETF in the third quarter valued at $27,000. CX Institutional acquired a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $29,000. Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $35,000. Heritage Family Offices LLP acquired a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $38,000. Finally, Bell Investment Advisors Inc bought a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $39,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $106.03 on Tuesday. The stock’s 50 day simple moving average is $105.56 and its 200 day simple moving average is $108.73. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $111.98. The company has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.