Kings Path Partners LLC Reduces Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Kings Path Partners LLC lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,463 shares of the exchange traded fund’s stock after selling 313 shares during the quarter. Kings Path Partners LLC’s holdings in iShares TIPS Bond ETF were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth $26,000. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL grew its holdings in iShares TIPS Bond ETF by 102.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 204 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in shares of iShares TIPS Bond ETF by 28.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock traded down $0.01 during mid-day trading on Monday, reaching $106.48. 1,928,675 shares of the company traded hands, compared to its average volume of 2,620,945. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The firm’s 50 day moving average price is $107.72 and its 200 day moving average price is $108.32. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).