iShares TIPS Bond ETF $TIP Shares Sold by Sequent Planning LLC

Sequent Planning LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,678 shares of the exchange traded fund’s stock after selling 77,424 shares during the quarter. iShares TIPS Bond ETF makes up about 1.1% of Sequent Planning LLC’s portfolio, making the stock its 25th biggest holding. Sequent Planning LLC’s holdings in iShares TIPS Bond ETF were worth $3,746,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in iShares TIPS Bond ETF during the third quarter valued at $33,000. Abound Wealth Management acquired a new position in shares of iShares TIPS Bond ETF in the third quarter worth about $41,000. Financial Gravity Companies Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $43,000. Johnson Financial Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $52,000. Finally, Vestwell Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $56,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Up 0.2%

Shares of iShares TIPS Bond ETF stock opened at $111.43 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The business has a 50-day moving average price of $110.64 and a 200 day moving average price of $110.90. The firm has a market cap of $13.96 billion, a PE ratio of 12.40 and a beta of 0.26.

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.