Concurrent Investment Advisors LLC Sells 3,714 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Concurrent Investment Advisors LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 37.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,307 shares of the exchange traded fund’s stock after selling 3,714 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Trifecta Capital Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $27,000. Life Planning Partners Inc acquired a new position in iShares TIPS Bond ETF in the fourth quarter worth about $30,000. YHB Investment Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the first quarter worth about $30,000. First Pacific Financial raised its position in iShares TIPS Bond ETF by 197.0% in the first quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 195 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the fourth quarter worth about $33,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded down $0.07 during mid-day trading on Monday, hitting $107.44. 930,151 shares of the stock were exchanged, compared to its average volume of 2,066,187. The company has a market cap of $18.64 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s fifty day simple moving average is $106.61 and its two-hundred day simple moving average is $106.63. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $108.54.

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).