Financial & Tax Architects LLC Cuts Stake in iShares TIPS Bond ETF $TIP

Financial & Tax Architects LLC reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.5% during the first quarter, Holdings Channel reports. The fund owned 38,141 shares of the exchange traded fund’s stock after selling 4,972 shares during the period. Financial & Tax Architects LLC’s holdings in iShares TIPS Bond ETF were worth $4,209,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $25,000. Woodside Wealth Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at $28,000. Finally, Holos Integrated Wealth LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth $29,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.4%

Shares of NYSEARCA:TIP opened at $109.43 on Wednesday. The stock has a market cap of $14.48 billion, a PE ratio of 12.40 and a beta of 0.26. The company’s fifty day moving average is $110.37 and its 200 day moving average is $110.54. iShares TIPS Bond ETF has a 52 week low of $108.88 and a 52 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.