Compound Planning Inc. Lowers Holdings in iShares TIPS Bond ETF $TIP

Compound Planning Inc. reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 66.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,182 shares of the exchange traded fund’s stock after selling 6,353 shares during the quarter. Compound Planning Inc.’s holdings in iShares TIPS Bond ETF were worth $354,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $33,000. Abound Wealth Management purchased a new stake in iShares TIPS Bond ETF during the third quarter worth $41,000. Financial Gravity Companies Inc. acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $43,000. Johnson Financial Group Inc. purchased a new position in iShares TIPS Bond ETF in the second quarter valued at $52,000. Finally, Vestwell Advisors LLC purchased a new position in iShares TIPS Bond ETF in the second quarter valued at $56,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Up 0.2%

TIP stock opened at $111.88 on Monday. The company’s 50-day simple moving average is $110.50 and its 200-day simple moving average is $110.87. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26. The firm has a market cap of $14.02 billion, a P/E ratio of 12.40 and a beta of 0.26.

About iShares TIPS Bond ETF

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.