WASHINGTON TRUST Co Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

WASHINGTON TRUST Co lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,527 shares of the exchange traded fund’s stock after selling 1,488 shares during the quarter. WASHINGTON TRUST Co’s holdings in iShares TIPS Bond ETF were worth $2,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $37,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 204 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $96,000. Finally, Centaurus Financial Inc. acquired a new position in iShares TIPS Bond ETF during the third quarter worth about $169,000.

iShares TIPS Bond ETF Trading Up 0.2 %

Shares of NYSEARCA TIP opened at $108.61 on Friday. The stock has a market cap of $18.84 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The company has a 50-day moving average of $107.37 and a 200 day moving average of $108.40.

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).