iShares TIPS Bond ETF $TIP Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.7% in the first quarter, Holdings Channel reports. The firm owned 21,522 shares of the exchange traded fund’s stock after selling 5,610 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $2,399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Coastal Bridge Advisors LLC boosted its holdings in iShares TIPS Bond ETF by 0.3% in the 4th quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock worth $2,916,000 after buying an additional 90 shares during the last quarter. Wernau Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 4.6% during the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 91 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of iShares TIPS Bond ETF by 0.3% during the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after acquiring an additional 92 shares during the last quarter. Rock Point Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF by 4.6% during the fourth quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 93 shares during the last quarter. Finally, Auour Investments LLC lifted its position in shares of iShares TIPS Bond ETF by 2.3% in the first quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock valued at $449,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $108.05 on Thursday. The business’s 50 day moving average price is $109.98 and its 200-day moving average price is $110.45. The firm has a market capitalization of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $107.98 and a 1 year high of $112.26.

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.