Trek Financial LLC Sells 18,521 Shares of iShares TIPS Bond ETF $TIP

Trek Financial LLC lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 61.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,570 shares of the exchange traded fund’s stock after selling 18,521 shares during the quarter. Trek Financial LLC’s holdings in iShares TIPS Bond ETF were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TIP. Gladwyn Financial Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Grove Bank & Trust purchased a new stake in iShares TIPS Bond ETF in the second quarter worth approximately $31,000. ST Germain D J Co. Inc. grew its position in iShares TIPS Bond ETF by 160.0% during the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Hilltop National Bank bought a new position in iShares TIPS Bond ETF during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $110.78 on Thursday. The company has a market capitalization of $14.07 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The company’s 50 day moving average price is $111.25 and its two-hundred day moving average price is $110.38.

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).