3EDGE Asset Management LP Reduces Position in iShares TIPS Bond ETF $TIP

3EDGE Asset Management LP reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 39.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,696 shares of the exchange traded fund’s stock after selling 146,368 shares during the quarter. iShares TIPS Bond ETF comprises approximately 1.4% of 3EDGE Asset Management LP’s portfolio, making the stock its 20th biggest holding. 3EDGE Asset Management LP owned approximately 0.18% of iShares TIPS Bond ETF worth $24,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TIP. Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $33,000. ST Germain D J Co. Inc. raised its holdings in iShares TIPS Bond ETF by 160.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Hilltop National Bank acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at $36,000. Finally, Abound Wealth Management purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

TIP stock opened at $110.01 on Friday. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26. The stock’s fifty day simple moving average is $110.36 and its 200-day simple moving average is $110.67.

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.