iShares TIPS Bond ETF $TIP Shares Sold by 4Thought Financial Group Inc.

4Thought Financial Group Inc. lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 2,620 shares of the exchange traded fund’s stock after selling 99 shares during the quarter. 4Thought Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $288,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TIP. MJT & Associates Financial Advisory Group Inc. acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC increased its position in 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 valued at $26,000 after acquiring an additional 177 shares during the period. NBC Securities Inc. acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at about $28,000. Finally, Godsey & Gibb Inc. acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of TIP stock opened at $111.05 on Friday. The stock has a market capitalization of $13.94 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26. The stock’s 50-day moving average price is $110.86 and its 200 day moving average price is $109.82.

About iShares TIPS Bond ETF

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).