Mine & Arao Wealth Creation & Management LLC. Has $600,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mine & Arao Wealth Creation & Management LLC. decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,399 shares of the exchange traded fund’s stock after selling 152 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in iShares TIPS Bond ETF were worth $600,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $26,000. NBC Securities Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at $26,000. Golden State Wealth Management LLC boosted its stake in shares of iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 177 shares in the last quarter. Transce3nd LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $29,000. Finally, Godsey & Gibb Inc. bought a new position in iShares TIPS Bond ETF during the 1st quarter valued at about $29,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of iShares TIPS Bond ETF stock opened at $109.40 on Tuesday. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. The firm’s 50-day moving average price is $108.97 and its two-hundred day moving average price is $108.82. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $111.51.

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).