Steinberg Global Asset Management Takes $2.82 Million Position in iShares TIPS Bond ETF (TIP)

Steinberg Global Asset Management bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 24,911 shares of the exchange traded fund’s stock, valued at approximately $2,816,000.

A number of other large investors have also bought and sold shares of the stock. Diversified Portfolios Inc. boosted its position in iShares TIPS Bond ETF by 1.8% during the 4th quarter. Diversified Portfolios Inc. now owns 6,062 shares of the exchange traded fund’s stock worth $664,000 after buying an additional 105 shares during the period. Nikulski Financial Inc. boosted its position in iShares TIPS Bond ETF by 1.4% during the 4th quarter. Nikulski Financial Inc. now owns 8,274 shares of the exchange traded fund’s stock worth $906,000 after buying an additional 111 shares during the period. Lcnb Corp boosted its position in iShares TIPS Bond ETF by 2.4% during the 4th quarter. Lcnb Corp now owns 4,890 shares of the exchange traded fund’s stock worth $536,000 after buying an additional 114 shares during the period. Raymond James Trust N.A. boosted its position in iShares TIPS Bond ETF by 0.6% during the 1st quarter. Raymond James Trust N.A. now owns 22,827 shares of the exchange traded fund’s stock worth $2,581,000 after buying an additional 129 shares during the period. Finally, Abbrea Capital LLC boosted its position in iShares TIPS Bond ETF by 6.0% during the 4th quarter. Abbrea Capital LLC now owns 2,637 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 149 shares during the period.

NYSEARCA:TIP traded up $0.06 during mid-day trading on Monday, hitting $112.62. 562,940 shares of the company’s stock were exchanged, compared to its average volume of 1,171,434. iShares TIPS Bond ETF has a fifty-two week low of $107.53 and a fifty-two week high of $113.30.

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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).

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Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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