Gladstone Institutional Advisory LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,687 shares of the exchange traded fund’s stock after selling 236 shares during the period. Gladstone Institutional Advisory LLC’s holdings in iShares TIPS Bond ETF were worth $719,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of TIP. Trifecta Capital Advisors LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at $27,000. Fortis Group Advisors LLC acquired a new position in iShares TIPS Bond ETF in the third quarter valued at $27,000. Life Planning Partners Inc acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at $33,000. Finally, Covestor Ltd acquired a new position in iShares TIPS Bond ETF in the third quarter valued at $33,000.
iShares TIPS Bond ETF Price Performance
NYSEARCA TIP opened at $106.74 on Wednesday. The company has a fifty day moving average of $106.31 and a two-hundred day moving average of $106.32. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $108.64. The company has a market capitalization of $18.52 billion, a PE ratio of 11.86 and a beta of 0.09.
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).
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