Jacobi Capital Management LLC Cuts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Jacobi Capital Management LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,194 shares of the exchange traded fund’s stock after selling 4,373 shares during the quarter. Jacobi Capital Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ieq Capital LLC lifted its stake in iShares TIPS Bond ETF by 3.9% during the 4th quarter. Ieq Capital LLC now owns 4,611 shares of the exchange traded fund’s stock valued at $496,000 after acquiring an additional 174 shares during the period. Summit Financial Strategies Inc. lifted its stake in iShares TIPS Bond ETF by 35.3% during the 4th quarter. Summit Financial Strategies Inc. now owns 3,056 shares of the exchange traded fund’s stock valued at $328,000 after acquiring an additional 797 shares during the period. Berger Financial Group Inc lifted its stake in iShares TIPS Bond ETF by 11.2% during the 4th quarter. Berger Financial Group Inc now owns 2,636 shares of the exchange traded fund’s stock valued at $283,000 after acquiring an additional 265 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in iShares TIPS Bond ETF by 86.1% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,354 shares of the exchange traded fund’s stock valued at $468,000 after acquiring an additional 2,014 shares during the period. Finally, SlateStone Wealth LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $294,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP traded down $0.13 during trading on Monday, hitting $107.18. The company’s stock had a trading volume of 2,347,864 shares, compared to its average volume of 2,044,690. The company has a 50-day moving average of $106.76 and a 200-day moving average of $106.64. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $108.54. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).