iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 119,050 shares of the exchange traded fund’s stock after selling 56,012 shares during the period. National Bank of Canada FI’s holdings in iShares TIPS Bond ETF were worth $12,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortis Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $27,000. Life Planning Partners Inc acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $30,000. Covestor Ltd acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $33,000. Finally, Sound Income Strategies LLC increased its holdings in iShares TIPS Bond ETF by 108.7% during the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $105.84 on Thursday. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock has a fifty day moving average of $106.47 and a two-hundred day moving average of $106.09. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $109.99.

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).