Financial Architects LLC Lowers Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Financial Architects LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,195 shares of the exchange traded fund’s stock after selling 1,340 shares during the quarter. iShares TIPS Bond ETF makes up about 0.4% of Financial Architects LLC’s holdings, making the stock its 18th biggest position. Financial Architects LLC’s holdings in iShares TIPS Bond ETF were worth $554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TIP. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL grew its stake in shares of iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. Sound Income Strategies LLC lifted 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 valued at $59,000 after purchasing an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $96,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $108.92 on Thursday. The stock has a market cap of $18.90 billion, a P/E 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 stock’s 50 day simple moving average is $107.40 and its 200 day simple moving average is $108.35.

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).