Carnegie Capital Asset Management LLC Buys 3,716 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

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Carnegie Capital Asset Management LLC raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) by 97.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,546 shares of the exchange traded fund’s stock after acquiring an additional 3,716 shares during the period. Carnegie Capital Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $25,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $28,000. Sound Income Strategies LLC lifted its stake in shares of iShares TIPS Bond ETF by 525.0% in the 4th quarter. Sound Income Strategies LLC now owns 225 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Level Financial Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $30,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of iShares TIPS Bond ETF by 65.8% in the 4th quarter. Wolff Wiese Magana LLC now owns 267 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 106 shares during the period.

TIP stock opened at $115.33 on Friday. The stock’s 50 day simple moving average is $118.37 and its 200 day simple moving average is $123.29. iShares TIPS Bond ETF has a fifty-two week low of $113.01 and a fifty-two week high of $131.37.

About iShares TIPS Bond ETF (Get Rating)

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:TIPGet Rating).

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