iShares TIPS Bond ETF $TIP Shares Sold by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,199 shares of the exchange traded fund’s stock after selling 11,865 shares during the quarter. iShares TIPS Bond ETF makes up 2.3% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 12th largest position. Arkansas Financial Group Inc. owned approximately 0.11% of iShares TIPS Bond ETF worth $15,902,000 at the end of the most recent quarter.

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

iShares TIPS Bond ETF Stock Up 0.1%

Shares of TIP opened at $110.18 on Friday. The company has a market capitalization of $14.04 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 stock has a 50 day moving average price of $110.52 and a 200 day moving average price of $110.64.

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.