iShares TIPS Bond ETF $TIP Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 19.7% during the second quarter, Holdings Channel reports. The fund owned 2,343 shares of the exchange traded fund’s stock after selling 573 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $258,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Gladwyn Financial Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter worth about $25,000. Golden State Wealth Management LLC boosted its stake in iShares TIPS Bond ETF by 295.0% in the 1st 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 last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in iShares TIPS Bond ETF in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter worth about $28,000. Finally, Rossby Financial LCC acquired a new stake in iShares TIPS Bond ETF in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.2%

Shares of NYSEARCA:TIP opened at $111.20 on Friday. The stock’s 50-day moving average price is $111.42 and its two-hundred day moving average price is $110.06. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).