iShares TIPS Bond ETF (NYSEARCA:TIP) Position Reduced by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.9% during the 4th quarter, HoldingsChannel reports. The fund owned 33,124 shares of the exchange traded fund’s stock after selling 7,208 shares during the period. Foster & Motley Inc.’s holdings in iShares TIPS Bond ETF were worth $3,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Trifecta Capital Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at $27,000. Fortis Group Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $27,000. Life Planning Partners Inc bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $30,000. Covestor Ltd bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $33,000. Finally, Sound Income Strategies LLC increased its holdings in shares of iShares TIPS Bond ETF by 108.7% during the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 188 shares during the period.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $105.62 on Tuesday. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. The firm’s 50-day moving average is $106.56 and its 200-day moving average is $105.88. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $110.88.

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).