Shayne & Jacobs LLC Purchases New Position in iShares TIPS Bond ETF $TIP

Shayne & Jacobs LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,640 shares of the exchange traded fund’s stock, valued at approximately $899,000.

Several other institutional investors have also modified their holdings of TIP. Wernau Asset Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 4.6% in the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares in the last quarter. Foster & Motley Inc. grew its position in shares of iShares TIPS Bond ETF by 0.3% in the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 92 shares during the last quarter. Auour Investments LLC grew its position in shares of iShares TIPS Bond ETF by 2.3% in the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock valued at $449,000 after buying an additional 93 shares during the last quarter. Kintra Wealth LLC grew its position in shares of iShares TIPS Bond ETF by 3.4% in the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 94 shares during the last quarter. Finally, FC Advisory LLC raised its stake in iShares TIPS Bond ETF by 1.9% during the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $105.55 on Thursday. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $112.24. The firm has a market capitalization of $14.46 billion, a P/E ratio of 12.40 and a beta of 0.27. The company’s fifty day moving average price is $105.80 and its 200 day moving average price is $108.23.

iShares TIPS Bond ETF 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.