Royal Bank of Canada Sells 17,252 Shares of iShares TIPS Bond ETF $TIP

Royal Bank of Canada lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% in the 1st quarter, HoldingsChannel reports. The fund owned 792,456 shares of the exchange traded fund’s stock after selling 17,252 shares during the quarter. Royal Bank of Canada’s holdings in iShares TIPS Bond ETF were worth $87,455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TIP. TD Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Woodside Wealth Management LLC lifted its holdings in iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at $30,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Down 0.1%

TIP stock opened at $107.63 on Friday. iShares TIPS Bond ETF has a twelve month low of $107.34 and a twelve month high of $112.26. The company has a market cap of $14.56 billion, a P/E ratio of 12.40 and a beta of 0.26. The business has a fifty day moving average of $108.92 and a 200-day moving average of $110.19.

iShares TIPS Bond ETF Company 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.