N.E.W. Advisory Services LLC Cuts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

N.E.W. Advisory Services LLC cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,614 shares of the exchange traded fund’s stock after selling 169 shares during the period. N.E.W. Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TIP. Eastern Bank purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL grew its position in shares of iShares TIPS Bond ETF by 102.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC raised its holdings in shares of iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 298 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $96,000. Finally, Tsfg LLC raised its holdings in shares of iShares TIPS Bond ETF by 8.3% during the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after acquiring an additional 93 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $108.01 on Friday. The firm has a market cap of $18.74 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a 50-day moving average of $107.39 and a two-hundred day moving average of $108.32.

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).