Fulton Breakefield Broenniman LLC Has $12.91 Million Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fulton Breakefield Broenniman LLC lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,089 shares of the exchange traded fund’s stock after selling 13,059 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in iShares TIPS Bond ETF were worth $12,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $27,000. Fortis Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $27,000. Life Planning Partners Inc bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $30,000. Covestor Ltd bought a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC boosted its stake in iShares TIPS Bond ETF by 108.7% in the fourth quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 188 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.3 %

Shares of NYSEARCA TIP opened at $105.78 on Friday. The company’s fifty day moving average is $106.53 and its 200-day moving average is $105.94. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $110.47.

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).