iShares TIPS Bond ETF $TIP Stake Lessened by Lutz Financial Services LLC

Lutz Financial Services LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 134,843 shares of the exchange traded fund’s stock after selling 1,543 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.2% of Lutz Financial Services LLC’s holdings, making the stock its 26th largest holding. Lutz Financial Services LLC’s holdings in iShares TIPS Bond ETF were worth $14,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Stratos Wealth Partners LTD. boosted its holdings in iShares TIPS Bond ETF by 3.4% during the second quarter. Stratos Wealth Partners LTD. now owns 6,367 shares of the exchange traded fund’s stock worth $701,000 after buying an additional 212 shares in the last quarter. Private Trust Co. NA grew its position in iShares TIPS Bond ETF by 35.1% in the second quarter. Private Trust Co. NA now owns 2,266 shares of the exchange traded fund’s stock worth $249,000 after buying an additional 589 shares during the last quarter. SilverOak Wealth Management LLC acquired a new position in iShares TIPS Bond ETF in the second quarter worth approximately $326,000. Ritholtz Wealth Management grew its position in iShares TIPS Bond ETF by 11.5% in the second quarter. Ritholtz Wealth Management now owns 2,459 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 253 shares during the last quarter. Finally, SFG Wealth Management LLC. acquired a new position in iShares TIPS Bond ETF in the second quarter worth approximately $278,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $111.68 on Friday. The firm has a market cap of $14.07 billion, a price-to-earnings 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’s 50 day moving average price is $111.12 and its two-hundred day moving average price is $109.90.

About iShares TIPS Bond ETF

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).