iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,670 shares of the exchange traded fund’s stock after selling 570 shares during the quarter. HB Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $408,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TIP. Bank of New York Mellon Corp grew its position in shares of iShares TIPS Bond ETF by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock valued at $41,865,000 after purchasing an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in iShares TIPS Bond ETF by 24.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after buying an additional 35,058 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 177 shares during the last quarter. Northern Trust Corp purchased a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $829,000. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of iShares TIPS Bond ETF by 3.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 9,284 shares of the exchange traded fund’s stock valued at $1,031,000 after acquiring an additional 333 shares during the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.17 on Friday. The stock’s 50 day simple moving average is $109.27 and its 200-day simple moving average is $109.10. The company has a market cap of $13.82 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $111.50.

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).