Modern Wealth Management LLC Sells 11,891 Shares of iShares TIPS Bond ETF $TIP

Modern Wealth Management LLC lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,338 shares of the exchange traded fund’s stock after selling 11,891 shares during the period. Modern Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TIP. TD Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $25,000. Woodside Wealth Management LLC raised its holdings in shares of iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $30,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of NYSEARCA TIP opened at $107.50 on Friday. The stock has a fifty day simple moving average of $109.19 and a two-hundred day simple moving average of $110.28. iShares TIPS Bond ETF has a 1-year low of $107.48 and a 1-year high of $112.26. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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). 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.