Orion Portfolio Solutions LLC Sells 123,275 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Orion Portfolio Solutions LLC lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 78.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 32,905 shares of the exchange traded fund’s stock after selling 123,275 shares during the period. Orion Portfolio Solutions LLC’s holdings in iShares TIPS Bond ETF were worth $3,506,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TIP. GPS Wealth Strategies Group LLC lifted its holdings in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. FC Advisory LLC lifted its holdings in shares of iShares TIPS Bond ETF by 2.0% in the fourth quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after buying an additional 110 shares in the last quarter. Clear Investment Research LLC boosted its position in shares of iShares TIPS Bond ETF by 2.2% during the fourth quarter. Clear Investment Research LLC now owns 6,114 shares of the exchange traded fund’s stock worth $652,000 after acquiring an additional 130 shares during the last quarter. Bank of Marin grew its stake in iShares TIPS Bond ETF by 1.5% during the fourth quarter. Bank of Marin now owns 9,220 shares of the exchange traded fund’s stock valued at $982,000 after acquiring an additional 137 shares in the last quarter. Finally, TI Trust Inc. increased its holdings in iShares TIPS Bond ETF by 0.7% in the 4th quarter. TI Trust Inc. now owns 21,985 shares of the exchange traded fund’s stock valued at $2,343,000 after acquiring an additional 147 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.5 %

Shares of TIP stock opened at $110.65 on Monday. The stock has a market cap of $14.41 billion, a P/E ratio of 12.32 and a beta of 0.28. The company’s fifty day simple moving average is $108.99 and its two-hundred day simple moving average is $108.56. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06.

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).