Pure Financial Advisors LLC Trims Position in iShares TIPS Bond ETF $TIP

Pure Financial Advisors LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,971 shares of the exchange traded fund’s stock after selling 5,296 shares during the quarter. Pure Financial Advisors LLC owned approximately 0.11% of iShares TIPS Bond ETF worth $14,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $26,000. Golden State Wealth Management LLC lifted its holdings in iShares TIPS Bond ETF by 295.0% in the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in iShares TIPS Bond ETF during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at approximately $28,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $111.22 on Thursday. The firm has a market capitalization of $13.86 billion, a P/E ratio of 12.40 and a beta of 0.19. The stock has a 50 day moving average price of $110.81 and a 200-day moving average price of $109.80. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26.

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).