NorthCrest Asset Manangement LLC Sells 2,659 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

NorthCrest Asset Manangement LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,323 shares of the exchange traded fund’s stock after selling 2,659 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in iShares TIPS Bond ETF were worth $2,924,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TIP. Sterling Financial Planning Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 70.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $2,664,000 after purchasing an additional 10,345 shares in the last quarter. Northern Trust Corp acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $829,000. M&T Bank Corp grew its position in iShares TIPS Bond ETF by 7.1% in the fourth quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after acquiring an additional 2,993 shares during the last quarter. SigFig Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 5.5% during the fourth quarter. SigFig Wealth Management LLC now owns 28,760 shares of the exchange traded fund’s stock worth $3,060,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $2,314,000.

iShares TIPS Bond ETF Trading Down 0.1%

TIP opened at $108.60 on Friday. The company has a market cap of $13.82 billion, a P/E ratio of 12.40 and a beta of 0.28. The company’s 50 day moving average is $108.87 and its 200-day moving average is $108.57. iShares TIPS Bond ETF has a 1-year low of $105.85 and a 1-year high of $111.51.

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).