Eqis Capital Management Inc. raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 284.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,285 shares of the exchange traded fund’s stock after acquiring an additional 171,158 shares during the quarter. iShares TIPS Bond ETF makes up 2.3% of Eqis Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Eqis Capital Management Inc. owned about 0.13% of iShares TIPS Bond ETF worth $26,896,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in TIP. Enterprise Trust & Investment Co acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $26,000. Strategic Blueprint LLC purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $27,000. Coastal Capital Group Inc. purchased a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $28,000. Shufro Rose & Co. LLC purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $30,000. Finally, Garrett Wealth Advisory Group LLC purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $33,000.
TIP traded down $0.03 on Tuesday, hitting $115.59. 70,858 shares of the company traded hands, compared to its average volume of 1,292,232. The company has a 50 day moving average of $116.11 and a 200-day moving average of $115.42. iShares TIPS Bond ETF has a 12-month low of $108.38 and a 12-month high of $118.21.
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).
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