Pekin Hardy Strauss Inc. Decreases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pekin Hardy Strauss Inc. lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,898 shares of the exchange traded fund’s stock after selling 1,450 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares TIPS Bond ETF were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. McAdam LLC increased its position in iShares TIPS Bond ETF by 14.1% during the fourth quarter. McAdam LLC now owns 6,814 shares of the exchange traded fund’s stock valued at $732,000 after acquiring an additional 843 shares during the last quarter. Mather Group LLC. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $365,000. Matrix Trust Co purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $133,000. Valmark Advisers Inc. increased its position in iShares TIPS Bond ETF by 23.8% during the fourth quarter. Valmark Advisers Inc. now owns 4,189 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 805 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $287,000.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $105.53 on Wednesday. The stock has a fifty day moving average of $106.51 and a 200 day moving average of $105.99. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.47. The stock has a market cap of $18.31 billion, a PE ratio of 11.86 and a beta of 0.09.

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).