Janney Montgomery Scott LLC Lowers Stock Holdings in iShares TIPS Bond ETF $TIP

Janney Montgomery Scott LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,214 shares of the exchange traded fund’s stock after selling 5,437 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares TIPS Bond ETF were worth $3,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the first quarter worth $26,000. Golden State Wealth Management LLC increased its stake in iShares TIPS Bond ETF by 295.0% during 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 in the last quarter. NBC Securities Inc. purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $28,000. Finally, Avalon Trust Co purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth about $31,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $111.25 on Thursday. The firm’s 50-day moving average is $110.93 and its two-hundred day moving average is $109.84. iShares TIPS Bond ETF has a 12 month low of $106.04 and a 12 month high of $112.26. The company has a market capitalization of $14.02 billion, a PE ratio of 12.40 and a beta of 0.19.

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).