SignalPoint Asset Management LLC Sells 3,056 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

SignalPoint Asset Management LLC reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,047 shares of the exchange traded fund’s stock after selling 3,056 shares during the period. SignalPoint Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $2,047,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Coppell Advisory Solutions Corp. bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $26,000. Fortis Group Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth $27,000. Fortis Capital Advisors LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $28,000. Covestor Ltd acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter worth $33,000. Finally, Sound Income Strategies LLC grew its position in iShares TIPS Bond ETF by 108.7% in the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 188 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded up $0.04 during midday trading on Tuesday, hitting $107.05. The company had a trading volume of 932,202 shares, compared to its average volume of 2,154,625. The firm has a fifty day simple moving average of $106.75 and a two-hundred day simple moving average of $105.57. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.26.

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).