Pinnacle Associates Ltd. Trims Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pinnacle Associates Ltd. cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 9,348 shares of the exchange traded fund’s stock after selling 125 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares TIPS Bond ETF were worth $1,039,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TIP. Golden State Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 177 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at $26,000. Copia Wealth Management purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $26,000. Godsey & Gibb Inc. acquired a new position in shares of iShares TIPS Bond ETF during the first quarter worth about $29,000. Finally, Transce3nd LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.1%

Shares of iShares TIPS Bond ETF stock opened at $109.83 on Monday. The firm has a market cap of $13.77 billion, a P/E ratio of 12.40 and a beta of 0.19. The business has a 50-day moving average price of $109.13 and a 200 day moving average price of $109.01. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $111.50.

iShares TIPS Bond ETF 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).