Sovereign Financial Group Inc. Sells 733 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sovereign Financial Group Inc. cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 11,637 shares of the exchange traded fund’s stock after selling 733 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $1,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. acquired a new stake in iShares TIPS Bond ETF during the 2nd quarter worth $26,000. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF in the third quarter worth about $37,000. Strategic Investment Solutions Inc. IL raised its position in shares of iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in shares of iShares TIPS Bond ETF by 28.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 194 shares during the period.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $106.26 on Wednesday. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business has a 50 day simple moving average of $107.48 and a 200 day simple moving average of $108.29. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-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).