Sigma Investment Counselors Inc. reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Get Rating) by 96.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,846 shares of the exchange traded fund’s stock after selling 350,702 shares during the period. Sigma Investment Counselors Inc.’s holdings in iShares TIPS Bond ETF were worth $1,577,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of TIP. Graypoint LLC increased its stake in iShares TIPS Bond ETF by 6.5% in the 1st quarter. Graypoint LLC now owns 9,640 shares of the exchange traded fund’s stock worth $1,201,000 after purchasing an additional 588 shares in the last quarter. Camden Capital LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $206,000. Clarity Financial LLC increased its stake in iShares TIPS Bond ETF by 27.8% in the 1st quarter. Clarity Financial LLC now owns 4,817 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 1,048 shares in the last quarter. RDA Financial Network boosted its position in iShares TIPS Bond ETF by 108.2% during the 1st quarter. RDA Financial Network now owns 14,851 shares of the exchange traded fund’s stock worth $1,850,000 after acquiring an additional 7,717 shares during the period. Finally, McAdam LLC acquired a new stake in iShares TIPS Bond ETF during the 1st quarter worth about $221,000.
iShares TIPS Bond ETF Trading Down 0.4 %
NYSEARCA TIP traded down $0.40 during trading on Friday, reaching $107.60. 216,663 shares of the company’s stock were exchanged, compared to its average volume of 5,252,044. iShares TIPS Bond ETF has a fifty-two week low of $107.86 and a fifty-two week high of $131.37. The company’s fifty day simple moving average is $113.95 and its 200-day simple moving average is $117.69.
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).
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