Phillips Financial Management LLC Sells 17,351 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Phillips Financial Management LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,575 shares of the exchange traded fund’s stock after selling 17,351 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares TIPS Bond ETF were worth $5,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $26,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $30,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $45,000. GPS Wealth Strategies Group LLC increased its stake in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $57,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $109.52 on Thursday. The business has a 50 day simple moving average of $108.20 and a 200 day simple moving average of $108.52. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).