Garner Asset Management Corp Has $990,000 Stock Position in iShares TIPS Bond ETF $TIP

Garner Asset Management Corp increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,001 shares of the exchange traded fund’s stock after buying an additional 549 shares during the quarter. Garner Asset Management Corp’s holdings in iShares TIPS Bond ETF were worth $990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TIP. Arbor Investment Advisors LLC increased its stake in shares of iShares TIPS Bond ETF by 2.0% during the 2nd quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock worth $34,600,000 after purchasing an additional 6,157 shares during the last quarter. Avalon Trust Co grew its holdings in iShares TIPS Bond ETF by 526.9% during the second quarter. Avalon Trust Co now owns 1,724 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 1,449 shares during the period. Ethos Financial Group LLC grew its holdings in iShares TIPS Bond ETF by 21.3% during the second quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock worth $19,416,000 after purchasing an additional 30,925 shares during the period. Chicago Partners Investment Group LLC increased its position in iShares TIPS Bond ETF by 48.0% during the second quarter. Chicago Partners Investment Group LLC now owns 26,128 shares of the exchange traded fund’s stock worth $2,865,000 after buying an additional 8,474 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in iShares TIPS Bond ETF by 3.8% in the first quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after buying an additional 165 shares during the period. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.2%

TIP opened at $111.51 on Thursday. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The business has a 50 day moving average of $111.30 and a 200-day moving average of $110.29. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).