Rathbones Group PLC Sells 4,588 Shares of iShares TIPS Bond ETF $TIP

Rathbones Group PLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,786 shares of the exchange traded fund’s stock after selling 4,588 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $6,461,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Holos Integrated Wealth LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $29,000. Root Financial Partners LLC bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $33,000. Abound Wealth Management bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $41,000. Triumph Capital Management bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $51,000. Finally, Signaturefd LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $53,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.76 on Tuesday. The firm has a market capitalization of $13.96 billion, a PE ratio of 12.40 and a beta of 0.26. The company’s 50-day moving average is $110.87 and its 200-day moving average is $110.82. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.