Hilltop National Bank Trims Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Hilltop National Bank reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 59.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 331 shares of the exchange traded fund’s stock after selling 483 shares during the period. Hilltop National Bank’s holdings in iShares TIPS Bond ETF were worth $35,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $201,931,000. Sumitomo Life Insurance Co. lifted its stake in iShares TIPS Bond ETF by 102.5% in the first quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after buying an additional 648,150 shares during the last quarter. Evoke Wealth LLC lifted its stake in iShares TIPS Bond ETF by 181.8% in the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after buying an additional 803,988 shares during the last quarter. International Assets Investment Management LLC lifted its stake in iShares TIPS Bond ETF by 7,161.8% in the fourth quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock valued at $58,910,000 after buying an additional 540,500 shares during the last quarter. Finally, Campbell Wealth Management lifted its stake in iShares TIPS Bond ETF by 2.0% in the fourth quarter. Campbell Wealth Management now owns 506,023 shares of the exchange traded fund’s stock valued at $54,392,000 after buying an additional 9,857 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded down $0.33 on Wednesday, reaching $108.02. The stock had a trading volume of 1,237,228 shares, compared to its average volume of 2,016,277. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $109.13. The business’s 50-day moving average price is $107.07 and its 200 day moving average price is $106.69. The stock has a market cap of $18.74 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).