iShares TIPS Bond ETF $TIP Shares Sold by City State Bank

City State Bank reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,180 shares of the exchange traded fund’s stock after selling 295 shares during the quarter. City State Bank’s holdings in iShares TIPS Bond ETF were worth $1,670,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 7.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock valued at $240,148,000 after buying an additional 141,703 shares during the period. Sumitomo Life Insurance Co. raised its holdings in iShares TIPS Bond ETF by 10.0% during the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after purchasing an additional 145,987 shares during the last quarter. 3EDGE Asset Management LP raised its holdings in iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after purchasing an additional 766,851 shares during the last quarter. LPL Financial LLC raised its holdings in iShares TIPS Bond ETF by 3.2% during the first quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock worth $126,505,000 after purchasing an additional 34,866 shares during the last quarter. Finally, Partners Capital Investment Group LLP raised its holdings in iShares TIPS Bond ETF by 80.5% during the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after purchasing an additional 456,633 shares during the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $111.97 on Friday. The stock has a fifty day moving average price of $111.30 and a 200 day moving average price of $109.97. The stock has a market cap of $14.04 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.

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).