VestGen Investment Management Trims Stake in iShares TIPS Bond ETF $TIP

VestGen Investment Management decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,544 shares of the exchange traded fund’s stock after selling 1,161 shares during the period. iShares TIPS Bond ETF comprises about 1.1% of VestGen Investment Management’s holdings, making the stock its 21st largest holding. VestGen Investment Management’s holdings in iShares TIPS Bond ETF were worth $1,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 177 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Finally, Avalon Trust Co bought a new stake in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.0%

Shares of TIP opened at $111.97 on Friday. The business’s 50 day moving average price is $111.30 and its 200-day moving average price is $109.98. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The stock has a market cap of $14.04 billion, a P/E ratio of 12.40 and a beta of 0.19.

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).