Bank of Marin Grows Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Bank of Marin boosted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,083 shares of the exchange traded fund’s stock after purchasing an additional 224 shares during the quarter. Bank of Marin’s holdings in iShares TIPS Bond ETF were worth $1,003,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth approximately $26,000. Private Ocean LLC lifted its position in shares of 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 purchasing an additional 116 shares during the last quarter. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the third quarter valued at $37,000. Gradient Investments LLC increased its holdings in iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 261 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at $40,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded down $0.22 on Friday, hitting $107.20. 862,187 shares of the company’s stock were exchanged, compared to its average volume of 1,954,422. iShares TIPS Bond ETF has a 1-year low of $104.18 and a 1-year high of $111.06. The company has a market capitalization of $18.60 billion, a PE ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $109.31 and its 200 day moving average is $107.98.

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).