Trek Financial LLC Sells 8,766 Shares of iShares TIPS Bond ETF $TIP

Trek Financial LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 66.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,499 shares of the exchange traded fund’s stock after selling 8,766 shares during the quarter. Trek Financial LLC’s holdings in iShares TIPS Bond ETF were worth $468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in iShares TIPS Bond ETF by 18.1% in the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Mather Group LLC. acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $240,163,000. Kwmg LLC acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $34,858,000. CI Investments Inc. grew its holdings in shares of iShares TIPS Bond ETF by 28.7% during the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after purchasing an additional 260,055 shares during the period. Finally, Blue Edge Capital LLC purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $21,489,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.3%

NYSEARCA TIP opened at $106.10 on Wednesday. The stock has a fifty day simple moving average of $105.66 and a 200-day simple moving average of $108.81. The stock has a market cap of $14.57 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $111.98.

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). 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.