iShares TIPS Bond ETF $TIP Stock Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,427 shares of the exchange traded fund’s stock after selling 5,175 shares during the period. Prime Capital Investment Advisors LLC owned 0.20% of iShares TIPS Bond ETF worth $27,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TIP. CX Institutional acquired a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $29,000. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $35,000. Timbuktu Capital Management LLC purchased a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $52,000. Realta Investment Advisors raised its holdings in iShares TIPS Bond ETF by 159.2% during the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 320 shares in the last quarter. Finally, NBT Bank N A NY lifted its position in shares of iShares TIPS Bond ETF by 374.5% during the 1st quarter. NBT Bank N A NY now owns 522 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 412 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock traded up $0.14 during trading hours on Tuesday, hitting $105.41. The company had a trading volume of 799,815 shares, compared to its average volume of 2,208,136. The company’s 50-day moving average is $105.86 and its two-hundred day moving average is $108.31. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24. The company has a market cap of $14.44 billion, a P/E ratio of 12.40 and a beta of 0.27.

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). 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.