TRUE Private Wealth Advisors Sells 1,274 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

TRUE Private Wealth Advisors reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,014 shares of the exchange traded fund’s stock after selling 1,274 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares TIPS Bond ETF were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TIP. Tidal Investments LLC raised its holdings in iShares TIPS Bond ETF by 250.6% in the first quarter. Tidal Investments LLC now owns 8,902 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 6,363 shares during the period. Cetera Advisors LLC lifted its holdings in iShares TIPS Bond ETF by 62.2% during the first quarter. Cetera Advisors LLC now owns 79,455 shares of the exchange traded fund’s stock worth $8,534,000 after acquiring an additional 30,482 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in iShares TIPS Bond ETF by 59.1% in the first quarter. EverSource Wealth Advisors LLC now owns 821 shares of the exchange traded fund’s stock valued at $87,000 after acquiring an additional 305 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of iShares TIPS Bond ETF by 14.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 18,386 shares of the exchange traded fund’s stock worth $1,963,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Stokes Family Office LLC lifted its holdings in shares of iShares TIPS Bond ETF by 1.9% during the 2nd quarter. Stokes Family Office LLC now owns 31,755 shares of the exchange traded fund’s stock valued at $3,391,000 after purchasing an additional 584 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $108.76 on Friday. The stock has a 50 day simple moving average of $108.82 and a 200 day simple moving average of $108.15. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The firm has a market capitalization of $18.87 billion, a PE ratio of 11.86 and a beta of 0.09.

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).