Buck Wealth Strategies LLC Lowers Stake in iShares TIPS Bond ETF $TIP

Buck Wealth Strategies LLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,480 shares of the exchange traded fund’s stock after selling 6,701 shares during the period. iShares TIPS Bond ETF makes up 1.7% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 17th largest holding. Buck Wealth Strategies LLC owned about 0.09% of iShares TIPS Bond ETF worth $12,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter worth $25,000. Root Financial Partners LLC purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at about $33,000. Hilltop National Bank bought a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at about $36,000. Abound Wealth Management purchased a new position in iShares TIPS Bond ETF in the third quarter worth about $41,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.3%

NYSEARCA:TIP opened at $110.19 on Tuesday. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company’s 50 day moving average price is $110.30 and its 200-day moving average price is $110.73. iShares TIPS Bond ETF has a 52 week low of $106.47 and a 52 week high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.