Bank of Marin Has $982,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Bank of Marin increased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,220 shares of the exchange traded fund’s stock after buying an additional 137 shares during the quarter. Bank of Marin’s holdings in iShares TIPS Bond ETF were worth $982,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. North Forty Two & Co. acquired a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $218,000. Horizon Investments LLC boosted its holdings in shares of iShares TIPS Bond ETF by 1.0% in the 4th quarter. Horizon Investments LLC now owns 92,542 shares of the exchange traded fund’s stock valued at $9,860,000 after purchasing an additional 907 shares in the last quarter. Clarity Wealth Development LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at $207,000. Gray Wealth Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 3.3% in the 4th quarter. Gray Wealth Management Inc. now owns 42,675 shares of the exchange traded fund’s stock valued at $4,547,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Signature Wealth Management Group boosted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the 4th quarter. Signature Wealth Management Group now owns 40,328 shares of the exchange traded fund’s stock valued at $4,297,000 after purchasing an additional 725 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $109.57 on Wednesday. The stock’s fifty day moving average price is $108.44 and its two-hundred day moving average price is $108.53. The company has a market cap of $14.27 billion, a PE ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06.

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).