iShares TIPS Bond ETF $TIP is Archer Investment Management LLC’s 7th Largest Position

Archer Investment Management LLC reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,441 shares of the exchange traded fund’s stock after selling 23,663 shares during the period. iShares TIPS Bond ETF makes up 2.9% of Archer Investment Management LLC’s portfolio, making the stock its 7th biggest position. Archer Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $5,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Holos Integrated Wealth LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $29,000. Root Financial Partners LLC purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $33,000. Abound Wealth Management bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $41,000. Triumph Capital Management bought a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $51,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $52,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Down 0.3%

NYSEARCA:TIP opened at $109.83 on Wednesday. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26. The company has a market cap of $13.76 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a 50 day simple moving average of $110.83 and a two-hundred day simple moving average of $110.91.

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.