Register Financial Advisors LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 18.3% in the first quarter, HoldingsChannel reports. The fund owned 588 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. Register Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $63,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of TIP. Fortis Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $27,000. Trifecta Capital Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $27,000. Life Planning Partners Inc acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $30,000. Covestor Ltd acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $33,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $33,000.
iShares TIPS Bond ETF Stock Performance
TIP traded down $0.34 on Friday, reaching $106.77. 1,960,827 shares of the company’s stock were exchanged, compared to its average volume of 2,071,159. The company’s 50 day moving average is $106.38 and its 200-day moving average is $106.68. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $108.54.
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).
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Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report).
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