Creative Financial Designs Inc. ADV Sells 2,392 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Creative Financial Designs Inc. ADV cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,041 shares of the exchange traded fund’s stock after selling 2,392 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in iShares TIPS Bond ETF were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth $26,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $45,000. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $57,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.23 on Friday. The firm has a market cap of $14.35 billion, a P/E ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock has a 50 day simple moving average of $108.58 and a two-hundred day simple moving average of $108.55.

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).