Garrett Wealth Advisory Group LLC Sells 539 Shares of iShares TIPS Bond ETF $TIP

Garrett Wealth Advisory Group LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,410 shares of the exchange traded fund’s stock after selling 539 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF during the 2nd quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $28,000. Avalon Trust Co bought a new position in shares of iShares TIPS Bond ETF during the first quarter worth about $31,000. Finally, Grove Bank & Trust acquired a new position in shares of iShares TIPS Bond ETF in the second quarter worth approximately $31,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $110.71 on Thursday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The company has a 50 day simple moving average of $111.36 and a two-hundred day simple moving average of $110.22. The company has a market capitalization of $14.06 billion, a PE ratio of 12.40 and a beta of 0.26.

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).