AE Wealth Management LLC Sells 8,381 Shares of iShares TIPS Bond ETF $TIP

AE Wealth Management LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 50.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,083 shares of the exchange traded fund’s stock after selling 8,381 shares during the quarter. AE Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TIP. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $33,000. Hilltop National Bank purchased a new position in shares of iShares TIPS Bond ETF during the second quarter worth about $36,000. Abound Wealth Management bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $41,000. Finally, Financial Gravity Companies Inc. purchased a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $110.37 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $106.47 and a 1 year high of $112.26. The firm has a market cap of $13.85 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a 50 day simple moving average of $110.28 and a two-hundred day simple moving average of $110.74.

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.