Pure Financial Advisors Inc. Has $20.43 Million Stake in iShares TIPS Bond ETF (TIP)
Pure Financial Advisors Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,597 shares of the exchange traded fund’s stock after selling 7,609 shares during the quarter. iShares TIPS Bond ETF comprises about 4.1% of Pure Financial Advisors Inc.’s holdings, making the stock its 5th largest position. Pure Financial Advisors Inc. owned 0.10% of iShares TIPS Bond ETF worth $20,434,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. Central Bank & Trust Co. purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000. Destination Wealth Management grew its position in iShares TIPS Bond ETF by 147.4% during the third quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock worth $102,000 after buying an additional 547 shares in the last quarter. Amussen Hunsaker Associates LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $105,000. Bell Rock Capital LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $116,000. Finally, Valeo Financial Advisors LLC purchased a new position in iShares TIPS Bond ETF during the second quarter worth about $122,000.
iShares TIPS Bond ETF stock traded up $0.29 during midday trading on Friday, hitting $110.27. 40,908 shares of the company’s stock were exchanged, compared to its average volume of 1,191,583. iShares TIPS Bond ETF has a 52-week low of $107.53 and a 52-week high of $113.69.
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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).
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