McAdam LLC Sells 887 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

McAdam LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,892 shares of the exchange traded fund’s stock after selling 887 shares during the period. McAdam LLC’s holdings in iShares TIPS Bond ETF were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Confluence Wealth Services Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $213,000. TIAA Trust National Association boosted its position in shares of iShares TIPS Bond ETF by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 88,468 shares of the exchange traded fund’s stock worth $9,447,000 after acquiring an additional 2,776 shares in the last quarter. Buck Wealth Strategies LLC boosted its position in shares of iShares TIPS Bond ETF by 1,108.6% during the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after acquiring an additional 62,426 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $27,453,000. Finally, First National Trust Co boosted its position in iShares TIPS Bond ETF by 93.0% in the second quarter. First National Trust Co now owns 4,332 shares of the exchange traded fund’s stock valued at $463,000 after buying an additional 2,087 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $108.56 on Friday. The company’s 50 day moving average price is $109.62 and its two-hundred day moving average price is $107.75. The firm has a market capitalization of $18.84 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $102.40 and a fifty-two week high of $111.06.

iShares TIPS Bond ETF 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).