Trek Financial LLC Sells 8,766 Shares of iShares TIPS Bond ETF $TIP

Trek Financial LLC lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 66.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,499 shares of the exchange traded fund’s stock after selling 8,766 shares during the quarter. Trek Financial LLC’s holdings in iShares TIPS Bond ETF were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $127,000. DecisionMap Wealth Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 4.4% in the third quarter. DecisionMap Wealth Management LLC now owns 7,043 shares of the exchange traded fund’s stock valued at $733,000 after purchasing an additional 296 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $39,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $14,044,000. Finally, Aviance Capital Partners LLC acquired a new stake in iShares TIPS Bond ETF during the third quarter worth about $915,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.3%

iShares TIPS Bond ETF stock opened at $106.10 on Wednesday. The company has a 50-day moving average price of $105.66 and a 200 day moving average price of $108.81. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $111.98. The stock has a market cap of $14.57 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.