iShares TIPS Bond ETF $TIP Stake Lowered by Apexium Financial LP

Apexium Financial LP reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,771 shares of the exchange traded fund’s stock after selling 996 shares during the period. Apexium Financial LP’s holdings in iShares TIPS Bond ETF were worth $525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TIP. NBC Securities Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $26,000. Golden State Wealth Management LLC grew 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 acquiring an additional 177 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $28,000. Finally, Godsey & Gibb Inc. bought a new stake in iShares TIPS Bond ETF in the first quarter worth $29,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA:TIP opened at $111.05 on Friday. The stock has a market capitalization of $13.94 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The firm has a fifty day moving average price of $110.86 and a 200 day moving average price of $109.82.

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).