Allworth Financial LP Sells 5,941 Shares of iShares TIPS Bond ETF $TIP

Allworth Financial LP cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,871 shares of the exchange traded fund’s stock after selling 5,941 shares during the period. Allworth Financial LP’s holdings in iShares TIPS Bond ETF were worth $1,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TIP. Woodside Wealth Management LLC increased its position in shares of iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $28,000. Holos Integrated Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $29,000. Root Financial Partners LLC bought a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $34,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

TIP opened at $110.48 on Tuesday. The stock has a market cap of $14.62 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 1 year low of $107.98 and a 1 year high of $112.26. The stock’s 50 day simple moving average is $111.00 and its 200-day simple moving average is $110.77.

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.