McAdam LLC Sells 489 Shares of iShares TIPS Bond ETF $TIP

McAdam LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,191 shares of the exchange traded fund’s stock after selling 489 shares during the period. McAdam LLC’s holdings in iShares TIPS Bond ETF were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TIP. Brighton Jones LLC raised its stake in iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares during the last quarter. Northern Trust Corp bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $829,000. Millennium Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $1,903,000. MassMutual Private Wealth & Trust FSB boosted its holdings in iShares TIPS Bond ETF by 32.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 33,001 shares of the exchange traded fund’s stock worth $3,666,000 after buying an additional 8,075 shares during the period. Finally, Aletheian Wealth Advisors LLC boosted its holdings in iShares TIPS Bond ETF by 27.5% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 2,985 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 644 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $111.11 on Friday. The company has a fifty day moving average of $110.73 and a 200 day moving average of $109.76. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The company has a market capitalization of $13.84 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).