iShares TIPS Bond ETF $TIP Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group trimmed its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 105,010 shares of the exchange traded fund’s stock after selling 4,972 shares during the period. iShares TIPS Bond ETF accounts for approximately 3.4% of Net Worth Advisory Group’s portfolio, making the stock its 2nd biggest position. Net Worth Advisory Group’s holdings in iShares TIPS Bond ETF were worth $11,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 1,102 shares during the last quarter. Samalin Investment Counsel LLC increased its position in shares of iShares TIPS Bond ETF by 0.5% during the first quarter. Samalin Investment Counsel LLC now owns 25,937 shares of the exchange traded fund’s stock worth $2,881,000 after purchasing an additional 138 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 6.4% in the 1st quarter. Quadcap Wealth Management LLC now owns 2,546 shares of the exchange traded fund’s stock valued at $283,000 after purchasing an additional 154 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of iShares TIPS Bond ETF by 2.1% in the 1st quarter. Ieq Capital LLC now owns 6,412 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 129 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $418,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.0%

TIP stock opened at $109.83 on Wednesday. The company has a market capitalization of $13.95 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.09 and a twelve month high of $112.26. The business has a 50 day simple moving average of $110.96 and a 200-day simple moving average of $110.54.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.