iShares TIPS Bond ETF $TIP Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 75.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,899 shares of the exchange traded fund’s stock after selling 40,715 shares during the quarter. RFG Advisory LLC’s holdings in iShares TIPS Bond ETF were worth $1,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TIP. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $40,000. Finally, Golden State Wealth Management LLC raised its holdings in iShares TIPS Bond ETF by 52.9% during the 4th quarter. Golden State Wealth Management LLC now owns 396 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 137 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.5%

TIP stock opened at $105.84 on Friday. iShares TIPS Bond ETF has a one year low of $105.82 and a one year high of $112.26. The firm has a market capitalization of $14.32 billion, a PE ratio of 12.40 and a beta of 0.26. The firm has a 50-day moving average of $107.36 and a two-hundred day moving average of $109.44.

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). 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.