Asset Management Group Inc. Sells 268 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Asset Management Group Inc. trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 77,049 shares of the exchange traded fund’s stock after selling 268 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.5% of Asset Management Group Inc.’s investment portfolio, making the stock its 22nd biggest position. Asset Management Group Inc.’s holdings in iShares TIPS Bond ETF were worth $8,227,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new position in iShares TIPS Bond ETF in the first quarter valued at about $30,000. Private Ocean LLC boosted its position in iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 116 shares during the period. Salem Investment Counselors Inc. bought a new stake in iShares TIPS Bond ETF during the 1st quarter worth approximately $36,000. Gradient Investments LLC increased its position in iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the second quarter valued at $40,000.

iShares TIPS Bond ETF Stock Down 0.1 %

NYSEARCA TIP opened at $110.55 on Friday. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $111.06. The stock has a fifty day simple moving average of $108.77 and a 200 day simple moving average of $107.31.

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).