iShares TIPS Bond ETF $TIP is Shilanski & Associates Inc.’s 6th Largest Position

Shilanski & Associates Inc. increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 94,206 shares of the exchange traded fund’s stock after purchasing an additional 5,026 shares during the quarter. iShares TIPS Bond ETF makes up 2.8% of Shilanski & Associates Inc.’s investment portfolio, making the stock its 6th largest position. Shilanski & Associates Inc.’s holdings in iShares TIPS Bond ETF were worth $10,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Gladwyn Financial Advisors Inc. purchased a new position in iShares TIPS Bond ETF during the 2nd quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth approximately $28,000. Grove Bank & Trust acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth approximately $31,000. ST Germain D J Co. Inc. grew its position in iShares TIPS Bond ETF by 160.0% during the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $36,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.0%

TIP stock opened at $110.13 on Wednesday. The company has a 50 day moving average of $110.79 and a two-hundred day moving average of $110.60. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $106.09 and a 12-month high of $112.26.

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). 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.