iShares TIPS Bond ETF $TIP Stock Sold by VestGen Advisors LLC

VestGen Advisors LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 84.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,843 shares of the exchange traded fund’s stock after selling 20,330 shares during the period. VestGen Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $27,000. CX Institutional acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $29,000. Eastern Bank purchased a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $35,000. Timbuktu Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $52,000. Finally, NBT Bank N A NY boosted its holdings in shares of iShares TIPS Bond ETF by 374.5% in the 1st quarter. NBT Bank N A NY now owns 522 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $106.40 on Tuesday. The company’s fifty day moving average price is $105.68 and its 200-day moving average price is $108.83. iShares TIPS Bond ETF has a 1-year low of $103.75 and a 1-year high of $111.98. The firm has a market capitalization of $14.59 billion, a P/E ratio of 12.40 and a beta of 0.27.

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.