Zhang Financial LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,499 shares of the exchange traded fund’s stock after selling 6,188 shares during the quarter. Zhang Financial LLC’s holdings in iShares TIPS Bond ETF were worth $3,278,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TIP. Coppell Advisory Solutions Corp. bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Fortis Group Advisors LLC bought a new stake in iShares TIPS Bond ETF during the third quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $27,000. Fortis Capital Advisors LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $28,000. Finally, Life Planning Partners Inc bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth about $30,000.
iShares TIPS Bond ETF Price Performance
TIP traded up $0.18 on Friday, hitting $105.80. 1,047,246 shares of the stock were exchanged, compared to its average volume of 2,196,518. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $110.88. The business has a 50-day moving average of $106.58 and a two-hundred day moving average of $105.79. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09.
iShares TIPS Bond ETF Company 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).
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