iShares TIPS Bond ETF $TIP Shares Sold by Archvest Wealth Advisors Inc.

Archvest Wealth Advisors Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 82.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,766 shares of the exchange traded fund’s stock after selling 12,573 shares during the period. Archvest Wealth Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $304,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TIP. Brighton Jones LLC grew its stake in shares of iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new position in iShares TIPS Bond ETF in the first quarter worth about $432,000. Goldman Sachs Group Inc. grew its stake in iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after purchasing an additional 219,598 shares in the last quarter. Brown Advisory Inc. grew its stake in iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after purchasing an additional 1,717 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $109.77 on Thursday. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a one year low of $108.07 and a one year high of $112.26. The stock has a 50-day simple moving average of $110.86 and a 200 day simple moving average of $110.72.

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). 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.