Trust Co. of Vermont Sells 1,133 Shares of iShares TIPS Bond ETF $TIP

Trust Co. of Vermont cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,186 shares of the exchange traded fund’s stock after selling 1,133 shares during the period. Trust Co. of Vermont’s holdings in iShares TIPS Bond ETF were worth $571,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in iShares TIPS Bond ETF by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock valued at $41,865,000 after buying an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in iShares TIPS Bond ETF by 24.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after buying an additional 35,058 shares during the period. Golden State Wealth Management LLC lifted its stake in iShares TIPS Bond ETF by 295.0% in the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares during the period. Fiera Capital Corp lifted its stake in iShares TIPS Bond ETF by 3.8% in the first quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after buying an additional 165 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in iShares TIPS Bond ETF by 13.2% in the first quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock valued at $5,999,000 after buying an additional 6,300 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $111.22 on Thursday. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26. The business’s 50 day moving average price is $110.81 and its two-hundred day moving average price is $109.80. The firm has a market cap of $13.86 billion, a PE ratio of 12.40 and a beta of 0.19.

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).