First Horizon Advisors Inc. Sells 7,614 Shares of iShares TIPS Bond ETF $TIP

First Horizon Advisors Inc. lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,034 shares of the exchange traded fund’s stock after selling 7,614 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of TIP. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $28,000. Avalon Trust Co acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $31,000. Finally, Grove Bank & Trust acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $31,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $110.58 on Thursday. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $112.26. The business has a fifty day moving average price of $111.42 and a 200-day moving average price of $110.13.

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).