Lyell Wealth Management LP Sells 841 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Lyell Wealth Management LP trimmed its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,213 shares of the exchange traded fund’s stock after selling 841 shares during the quarter. Lyell Wealth Management LP’s holdings in iShares TIPS Bond ETF were worth $2,690,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in iShares TIPS Bond ETF by 10.6% during the fourth quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after acquiring an additional 739,540 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares TIPS Bond ETF by 7.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock worth $240,148,000 after buying an additional 141,703 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 10.0% in the 1st quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after buying an additional 145,987 shares in the last quarter. 3EDGE Asset Management LP grew its stake in iShares TIPS Bond ETF by 96.5% in the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after buying an additional 766,851 shares in the last quarter. Finally, LPL Financial LLC grew its stake in iShares TIPS Bond ETF by 3.2% in the 1st quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock worth $126,505,000 after buying an additional 34,866 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $109.85 on Thursday. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $111.50. The stock has a market cap of $13.78 billion, a PE ratio of 12.40 and a beta of 0.19. The firm has a 50 day simple moving average of $109.21 and a two-hundred day simple moving average of $109.05.

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).