Financial & Tax Architects LLC Sells 1,876 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Financial & Tax Architects LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,086 shares of the exchange traded fund’s stock after selling 1,876 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 1.9% of Financial & Tax Architects LLC’s portfolio, making the stock its 12th largest position. Financial & Tax Architects LLC’s holdings in iShares TIPS Bond ETF were worth $7,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF during the 1st quarter worth $201,931,000. Evoke Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after acquiring an additional 803,988 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 102.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after acquiring an additional 648,150 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in 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 acquiring an additional 410,284 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its holdings in iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after acquiring an additional 365,458 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

TIP opened at $110.78 on Wednesday. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s fifty day moving average price is $108.57 and its two-hundred day moving average price is $107.24. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.91.

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).