Phillips Financial Management LLC Sells 579 Shares of iShares TIPS Bond ETF $TIP

Phillips Financial Management LLC lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 43,403 shares of the exchange traded fund’s stock after selling 579 shares during the period. Phillips Financial Management LLC’s holdings in iShares TIPS Bond ETF were worth $4,776,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TIP. 3EDGE Asset Management LP increased its position in shares of iShares TIPS Bond ETF by 96.5% in the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after purchasing an additional 766,851 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $51,846,000. Partners Capital Investment Group LLP raised its holdings in shares of iShares TIPS Bond ETF by 80.5% during the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after buying an additional 456,633 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares TIPS Bond ETF by 45.0% during the 1st quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after buying an additional 301,463 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $33,327,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $112.02 on Wednesday. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The stock has a market capitalization of $14.09 billion, a P/E ratio of 12.40 and a beta of 0.19. The stock has a fifty day moving average of $111.19 and a 200-day moving average of $109.91.

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).