Allworth Financial LP Sells 1,819 Shares of iShares TIPS Bond ETF $TIP

Allworth Financial LP lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,674 shares of the exchange traded fund’s stock after selling 1,819 shares during the period. Allworth Financial LP’s holdings in iShares TIPS Bond ETF were worth $1,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arbor Investment Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 2.0% during the 2nd quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock valued at $34,600,000 after purchasing an additional 6,157 shares during the last quarter. Ethos Financial Group LLC increased its position in iShares TIPS Bond ETF by 21.3% during the 2nd quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock valued at $19,416,000 after buying an additional 30,925 shares in the last quarter. Fiera Capital Corp increased its position in iShares TIPS Bond ETF by 3.8% during the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after buying an additional 165 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in iShares TIPS Bond ETF by 48.0% in the second quarter. Chicago Partners Investment Group LLC now owns 26,128 shares of the exchange traded fund’s stock valued at $2,865,000 after buying an additional 8,474 shares during the last quarter. Finally, Fairway Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 9.5% in the second quarter. Fairway Wealth LLC now owns 13,934 shares of the exchange traded fund’s stock worth $1,533,000 after acquiring an additional 1,212 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.88 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock’s 50-day simple moving average is $111.43 and its 200-day simple moving average is $110.20.

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).