BlueSky Wealth Advisors LLC Lowers Stock Position in iShares TIPS Bond ETF $TIP

BlueSky Wealth Advisors LLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,524 shares of the exchange traded fund’s stock after selling 5,217 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.6% of BlueSky Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. BlueSky Wealth Advisors LLC owned about 0.08% of iShares TIPS Bond ETF worth $11,514,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TIP. Hsbc Holdings PLC lifted its stake in shares of iShares TIPS Bond ETF by 4,627.6% during the 2nd quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock worth $320,274,000 after purchasing an additional 2,848,700 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares TIPS Bond ETF by 11.0% in the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after purchasing an additional 1,281,679 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $51,846,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of iShares TIPS Bond ETF by 672.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock worth $36,832,000 after buying an additional 291,412 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.5%

NYSEARCA:TIP opened at $109.94 on Monday. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.09 and a 52 week high of $112.26. The firm has a 50 day moving average of $111.04 and a 200 day moving average of $110.52.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.