Ghe LLC Sells 257 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ghe LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,155 shares of the exchange traded fund’s stock after selling 257 shares during the quarter. Ghe LLC’s holdings in iShares TIPS Bond ETF were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TIP. Copia Wealth Management bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $26,000. Golden State Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 177 shares during the period. Transce3nd LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at $29,000. Finally, Godsey & Gibb Inc. bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $29,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded up $0.01 during midday trading on Thursday, hitting $109.66. 490,383 shares of the stock traded hands, compared to its average volume of 2,359,238. The firm has a 50-day moving average of $109.09 and a two-hundred day moving average of $108.93. The firm has a market capitalization of $13.75 billion, a P/E ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $111.50.

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).