Focus Financial Network Inc. reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,990 shares of the exchange traded fund’s stock after selling 620 shares during the period. Focus Financial Network Inc.’s holdings in iShares TIPS Bond ETF were worth $554,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $26,000. Copia Wealth Management purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $26,000. NBC Securities Inc. purchased a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $26,000. Transce3nd LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $29,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $29,000.
iShares TIPS Bond ETF Trading Down 0.1%
Shares of TIP opened at $108.60 on Friday. The firm has a market cap of $13.82 billion, a PE ratio of 12.40 and a beta of 0.28. The company’s 50 day simple moving average is $108.87 and its 200-day simple moving average is $108.57. iShares TIPS Bond ETF has a 12-month low of $105.85 and a 12-month high of $111.51.
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).
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