Csenge Advisory Group Has $368,000 Stock Holdings in iShares TIPS Bond ETF $TIP

Csenge Advisory Group reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 78.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,311 shares of the exchange traded fund’s stock after selling 11,914 shares during the period. Csenge Advisory Group’s holdings in iShares TIPS Bond ETF were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gladwyn Financial Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $25,000. ST Germain D J Co. Inc. boosted its stake in iShares TIPS Bond ETF by 160.0% in 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 buying an additional 200 shares in the last quarter. Hilltop National Bank bought a new position in iShares TIPS Bond ETF in the second quarter valued at about $36,000. Abound Wealth Management acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $41,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $43,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Down 0.3%

TIP opened at $109.69 on Wednesday. The company has a market cap of $13.97 billion, a P/E ratio of 12.40 and a beta of 0.26. The company’s 50 day moving average is $110.40 and its 200-day moving average is $110.67. iShares TIPS Bond ETF has a 1-year low of $106.47 and a 1-year 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.