Geneos Wealth Management Inc. lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 23.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,333 shares of the exchange traded fund’s stock after selling 419 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares TIPS Bond ETF were worth $143,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. Coppell Advisory Solutions Corp. purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 3rd quarter valued at approximately $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $27,000. Fortis Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $28,000. Finally, Life Planning Partners Inc purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $30,000.
iShares TIPS Bond ETF Price Performance
NYSEARCA TIP opened at $105.78 on Tuesday. The stock has a market capitalization of $18.57 billion, a PE ratio of 11.92 and a beta of 0.09. The business has a 50 day simple moving average of $106.64 and a two-hundred day simple moving average of $105.78. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $110.88.
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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