Modera Wealth Management LLC Sells 1,133 Shares of iShares TIPS Bond ETF $TIP

Modera Wealth Management LLC trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,692 shares of the exchange traded fund’s stock after selling 1,133 shares during the period. Modera Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $3,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. 3EDGE Asset Management LP increased its stake in iShares TIPS Bond ETF by 96.5% in the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after acquiring an additional 766,851 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in iShares TIPS Bond ETF in the second quarter worth approximately $51,846,000. Partners Capital Investment Group LLP grew its position 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 valued at $113,756,000 after acquiring an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. grew its position in iShares TIPS Bond ETF by 45.0% during the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock valued at $108,387,000 after acquiring an additional 301,463 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $33,327,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.0%

Shares of NYSEARCA:TIP opened at $110.90 on Friday. The stock has a market cap of $14.08 billion, a PE ratio of 12.40 and a beta of 0.26. The company’s fifty day moving average is $111.41 and its 200 day moving average is $110.15. iShares TIPS Bond ETF has a 52 week low of $106.04 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).