Rathbones Group PLC Reduces Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rathbones Group PLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,221 shares of the exchange traded fund’s stock after selling 18,823 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $9,207,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Spectrum Wealth Counsel LLC boosted its holdings in iShares TIPS Bond ETF by 3.6% during the 2nd quarter. Spectrum Wealth Counsel LLC now owns 5,082 shares of the exchange traded fund’s stock valued at $543,000 after acquiring an additional 178 shares during the period. Lyell Wealth Management LP lifted its holdings in shares of iShares TIPS Bond ETF by 3.6% in the 2nd quarter. Lyell Wealth Management LP now owns 25,877 shares of the exchange traded fund’s stock worth $2,763,000 after buying an additional 900 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after buying an additional 410,284 shares in the last quarter. Meridian Management Co. grew its position in shares of iShares TIPS Bond ETF by 2.3% during the 2nd quarter. Meridian Management Co. now owns 95,937 shares of the exchange traded fund’s stock worth $10,244,000 after buying an additional 2,133 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 18.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 4,606 shares of the exchange traded fund’s stock worth $492,000 after buying an additional 733 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.3 %

TIP opened at $110.44 on Monday. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.53. The business’s fifty day simple moving average is $108.41 and its 200-day simple moving average is $107.19. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).