Marino Management LLC Purchases New Shares in iShares TIPS Bond ETF $TIP

Marino Management LLC purchased a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 126,194 shares of the exchange traded fund’s stock, valued at approximately $13,898,000. iShares TIPS Bond ETF accounts for approximately 2.8% of Marino Management LLC’s investment portfolio, making the stock its 2nd biggest position. Marino Management LLC owned 0.10% of iShares TIPS Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TIP. Woodside Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $28,000. Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $29,000. Finally, Smartleaf Asset Management LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $109.61 on Monday. iShares TIPS Bond ETF has a one year low of $108.38 and a one year high of $112.26. The firm has a market capitalization of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a 50-day moving average price of $110.77 and a two-hundred day moving average price of $110.65.

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.