West Paces Advisors Inc. Has $264,000 Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

West Paces Advisors Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 64.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,456 shares of the exchange traded fund’s stock after selling 4,487 shares during the quarter. West Paces Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $264,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Octavia Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $400,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of iShares TIPS Bond ETF by 86.1% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,354 shares of the exchange traded fund’s stock worth $468,000 after purchasing an additional 2,014 shares in the last quarter. Market Street Wealth Management Advisors LLC raised its stake in shares of iShares TIPS Bond ETF by 39.6% during the 4th quarter. Market Street Wealth Management Advisors LLC now owns 4,007 shares of the exchange traded fund’s stock worth $431,000 after purchasing an additional 1,136 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of iShares TIPS Bond ETF by 11.1% during the 4th quarter. Vontobel Holding Ltd. now owns 13,051 shares of the exchange traded fund’s stock worth $1,403,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $67,988,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded down $0.43 during trading on Tuesday, reaching $105.35. The company had a trading volume of 4,094,575 shares, compared to its average volume of 2,216,788. The firm’s 50 day simple moving average is $106.64 and its two-hundred day simple moving average is $105.78. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.88. The company has a market capitalization of $18.50 billion, a PE ratio of 11.92 and a beta of 0.09.

iShares TIPS Bond ETF 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).