Wesbanco Bank Inc. Has $1.97 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wesbanco Bank Inc. lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,832 shares of the exchange traded fund’s stock after selling 97 shares during the quarter. Wesbanco Bank Inc.’s holdings in iShares TIPS Bond ETF were worth $1,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TIP. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $201,931,000. Envestnet Asset Management Inc. increased its holdings in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after acquiring an additional 410,284 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in iShares TIPS Bond ETF by 6,782.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after acquiring an additional 365,458 shares during the period. SG Americas Securities LLC lifted its holdings in iShares TIPS Bond ETF by 14,118.3% during the 1st quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock valued at $38,531,000 after purchasing an additional 356,204 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in iShares TIPS Bond ETF by 192.4% during the first quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock worth $45,402,000 after purchasing an additional 278,153 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $109.50 on Wednesday. The firm has a market capitalization of $19.00 billion, a PE ratio of 11.86 and a beta of 0.09. The company’s 50-day moving average is $109.54 and its 200-day moving average is $107.66. iShares TIPS Bond ETF has a fifty-two week low of $102.32 and a fifty-two week high of $111.06.

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).