Empower Advisory Group LLC Sells 6,277 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Empower Advisory Group LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 75.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,000 shares of the exchange traded fund’s stock after selling 6,277 shares during the period. Empower Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TIP. Hirtle Callaghan & Co LLC raised its holdings in iShares TIPS Bond ETF by 9.9% in the 1st quarter. Hirtle Callaghan & Co LLC now owns 52,351 shares of the exchange traded fund’s stock valued at $5,623,000 after acquiring an additional 4,705 shares during the period. ESL Trust Services LLC bought a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $83,000. Capitolis Liquid Global Markets LLC acquired a new stake in iShares TIPS Bond ETF during the 1st quarter worth approximately $10,741,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in iShares TIPS Bond ETF in the 1st quarter valued at $26,315,000. Finally, CreativeOne Wealth LLC grew its holdings in iShares TIPS Bond ETF by 97.9% in the 1st quarter. CreativeOne Wealth LLC now owns 94,412 shares of the exchange traded fund’s stock valued at $10,141,000 after buying an additional 46,707 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.44 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $104.18 and a fifty-two week high of $111.06. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business’s fifty day moving average price is $109.31 and its two-hundred day moving average price is $107.98.

About iShares TIPS Bond ETF

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).