Hardy Reed LLC Has $4.95 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)
Hardy Reed LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,477 shares of the exchange traded fund’s stock after selling 5,240 shares during the quarter. iShares TIPS Bond ETF makes up about 1.8% of Hardy Reed LLC’s investment portfolio, making the stock its 12th biggest holding. Hardy Reed LLC’s holdings in iShares TIPS Bond ETF were worth $4,952,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TIP. Strategic Blueprint LLC acquired a new position in iShares TIPS Bond ETF during the third quarter worth $27,000. Northern Trust Corp lifted its stake in iShares TIPS Bond ETF by 8.4% in the second quarter. Northern Trust Corp now owns 25,642 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 1,993 shares during the last quarter. Shufro Rose & Co. LLC acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $30,000. Garrett Wealth Advisory Group LLC acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $33,000. Finally, Cutler Group LP lifted its stake in iShares TIPS Bond ETF by 50.0% in the third quarter. Cutler Group LP now owns 300 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter.
TIP stock traded up $0.28 during trading hours on Friday, reaching $117.92. The stock had a trading volume of 476,582 shares, compared to its average volume of 1,574,533. The stock has a 50-day simple moving average of $116.89 and a 200 day simple moving average of $116.35. iShares TIPS Bond ETF has a fifty-two week low of $109.50 and a fifty-two week high of $118.21.
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).
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