Axos Invest Inc. Sells 918 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Axos Invest Inc. trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,829 shares of the exchange traded fund’s stock after selling 918 shares during the quarter. iShares TIPS Bond ETF makes up about 4.8% of Axos Invest Inc.’s investment portfolio, making the stock its 5th biggest position. Axos Invest Inc.’s holdings in iShares TIPS Bond ETF were worth $6,588,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Eastern Bank bought a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $37,000. Strategic Investment Solutions Inc. IL lifted its position in shares of iShares TIPS Bond ETF by 102.0% during the third 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 in the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of iShares TIPS Bond ETF by 26.0% during the fourth 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 during the last quarter. Sound Income Strategies LLC increased its holdings 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 in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $96,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.73 on Friday. The stock’s fifty day moving average price is $107.41 and its two-hundred day moving average price is $108.35. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).