Focus Financial Network Inc. Sells 156 Shares of iShares TIPS Bond ETF $TIP

Focus Financial Network Inc. reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,834 shares of the exchange traded fund’s stock after selling 156 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares TIPS Bond ETF were worth $532,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in iShares TIPS Bond ETF by 7.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock valued at $240,148,000 after acquiring an additional 141,703 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in iShares TIPS Bond ETF by 10.0% in the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock valued at $178,603,000 after buying an additional 145,987 shares during the period. 3EDGE Asset Management LP increased its holdings in shares of iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after acquiring an additional 766,851 shares in the last quarter. LPL Financial LLC grew its holdings in iShares TIPS Bond ETF by 3.2% during the first 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. Finally, Partners Capital Investment Group LLP boosted its position in iShares TIPS Bond ETF by 80.5% in the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after purchasing an additional 456,633 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $111.44 on Friday. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. The stock’s 50-day simple moving average is $110.55 and its 200 day simple moving average is $109.71. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26.

About iShares TIPS Bond ETF

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).