Modern Wealth Management LLC Sells 11,891 Shares of iShares TIPS Bond ETF $TIP

Modern Wealth Management LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,338 shares of the exchange traded fund’s stock after selling 11,891 shares during the period. Modern Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TIP. Brighton Jones LLC grew its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $432,000. Goldman Sachs Group Inc. lifted its position in shares of iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after acquiring an additional 219,598 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after acquiring an additional 134 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after acquiring an additional 1,717 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.50 on Friday. The stock has a market cap of $14.56 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $107.48 and a fifty-two week high of $112.26. The stock has a fifty day moving average of $109.19 and a 200-day moving average of $110.28.

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). 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.