Vertex Investment Solutions Co. Ltd. Sells 48,900 Shares of iShares TIPS Bond ETF $TIP

Vertex Investment Solutions Co. Ltd. reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 51.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 46,300 shares of the exchange traded fund’s stock after selling 48,900 shares during the period. iShares TIPS Bond ETF accounts for approximately 5.9% of Vertex Investment Solutions Co. Ltd.’s investment portfolio, making the stock its 4th largest holding. Vertex Investment Solutions Co. Ltd.’s holdings in iShares TIPS Bond ETF were worth $5,109,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TIP. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $25,000. Woodside Wealth Management LLC increased its stake in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $28,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $29,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $108.05 on Thursday. The stock’s 50 day moving average price is $109.98 and its 200 day moving average price is $110.45. The firm has a market cap of $14.50 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $107.98 and a 1 year high of $112.26.

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.