iShares TIPS Bond ETF $TIP is Mustico Financial Group Inc.’s 7th Largest Position

Mustico Financial Group Inc. boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 59,484 shares of the exchange traded fund’s stock after purchasing an additional 7,295 shares during the period. iShares TIPS Bond ETF accounts for about 5.4% of Mustico Financial Group Inc.’s investment portfolio, making the stock its 7th biggest holding. Mustico Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $6,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TIP. Bank of America Corp DE raised its position in iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the last quarter. Valpey Financial Services LLC raised its position in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $187,000. Northwestern Mutual Wealth Management Co. raised its position in iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after purchasing an additional 797,259 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in iShares TIPS Bond ETF by 615.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock valued at $72,203,000 after purchasing an additional 558,456 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.03 on Thursday. The stock has a market capitalization of $14.42 billion, a P/E ratio of 12.40 and a beta of 0.26. The company’s fifty day moving average is $110.69 and its two-hundred day moving average is $110.61. iShares TIPS Bond ETF has a 1 year low of $108.93 and a 1 year high of $112.26.

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). 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.