iShares TIPS Bond ETF $TIP Shares Sold by Legacy PCG LLC

Legacy PCG LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 82.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,268 shares of the exchange traded fund’s stock after selling 19,887 shares during the period. iShares TIPS Bond ETF makes up about 2.5% of Legacy PCG LLC’s portfolio, making the stock its 11th biggest holding. Legacy PCG LLC’s holdings in iShares TIPS Bond ETF were worth $471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Capital Management LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $25,000. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Woodside Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $28,000. Finally, Smartleaf Asset Management LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $107.50 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $107.48 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock’s 50-day simple moving average is $109.19 and its 200-day simple moving average is $110.28.

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). 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.